Benefits of ReO Forecast™ Software
ReO Forecast software enables
- integration of surface and subsurface modeling supporting multi-disciplinary expertise and team working
- reduced engineering cycle time for typical planning activities allowing easy generation of what-if scenarios
- the ability to generate forecasts to a higher degree of resolution and accuracy
- incorporation of commercial sales contracts and physical production constraints
- ability to optimize revenue throughout the forecast under changing economic and field conditions
Forecasting production rates while considering the combined performance of the reservoir, wellbore and surface equipment is a complex task, and as a result generation of a single production profile can take several days where the separate models are not integrated. By contrast, the integrated solution offered by ReO Forecast software allows the equivalent production profile to be generated typically within minutes rather than hours, thereby delivering savings in engineering manpower costs.