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Why Production Forecasting?
As oil price stays high and technology advances, oil & gas operators are
developing more complicated fields and resources. These fields can be the
key to your successful portfolio expansion, if you can plan their
development accurately, but the risks are high, and you need to make sure
that you can understand and mitigate the uncertainty and risk in doing so.
During this period of frenzied activity, as industry strives to make the
most of high prices, accurately planning for your rig and personnel
availability is vital. Accurate production forecasting is the key to
planning and implementing asset operations, and will ensure that you set
attainable production targets for your asset.
Why this conference?
Following popular events in London and Houston, this conference is designed
to bring together industry leaders in production forecasting. Share
solutions to the challenges you face in forecasting, from feasibility level
through to decline curves:
Understand what causes a forecasting process to fail: why does your forecast
differ from your reality?
Find out what services you can use to factor in more parameters and model
these through more scenarios
Update your production forecast to model rig/personnel availability so that
your project doesn’t under/over estimate your demand for resources
Reliably predict how your production rate will react to gas and water
injection techniques
Optimize your data management and quality control to give extra reliability
to your forecasts |
