Abstract:Mature fields allow for a novel approach to generate forecasts for infill drilling, borrowing techniques developed in marketing. Fields with a long production history usually have an abundance of both basic data and production data, which can be linked and utilised to obtain reliable forecasts. This takes away the need to build a time-consuming, full field simulation model. The forecasting method is referred to as Data Driven Predictive Analysis. This document focuses on an application of Data Driven Predictiv… Show more
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