For the Executive:
Take comfort in achieving economics-based completion optimization without sacrificing technical sophistication. Plan a multi-year completion development strategy based on maximizing your chosen economic criteria.
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Optimize the completion design of a well and the overall asset investment
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Compare and analyze completion design vs time, production rates, EUR, and operation attribute profiles
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Understand parent/child well interference to optimize lateral spacing and multi-variable regression
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Automated machine learning to quantify and understand correlations between geology, completion practices and well performance
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Input data can be changed at any point and the outputs are automatically updated
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Build a capital investment schedule that incorporates debt, equity, working capital, asset retirement obligations, take-or-pay obligations, and funds flow back to the investor
Completion Design Matrix
You decide the ranges of completion and geologic parameters for evaluation of potential completion designs. Every combination of parameters is evaluated, often resulting in thousands or tens of thousands of potential completion designs to include spacing and geologic parameters.
MVR/ML Trained Production Type Curve Builder
Use trained MVR/ML models to predict 40-year monthly production forecasts for a given completion design at a given location. Models can be trained to predict IP90 and EUR and then converted into 40-yr monthly production forecasts by modifying local zero-time average production curves from existing nearby and/or analogous wells.
Automated Predictive Model Training
Select the appropriate completion, spacing, and geologic parameters for automatically training MVR/ML models to predict well performance. Extensive petroleum and data science domain expertise is embedded in the automated workflows to provide useful models without expert intervention. Expert users have complete access and flexibility to modify default training settings for custom configurations.
Well Cost Model
The Well Cost Model predicts the drilling & completion cost for a well using both historical and forward-looking financials such as your commodity price deck. Thus, as the completion design changes, the well cost changes.
Data QA / QC
Use interactive maps, graphs, and tables to quickly understand the quality and quantity of available data to be used for predictive model training. You decide which datasets are relevant to your completion optimization.
Visualizations For Decision Making
Interactive visualizations allow rapid understanding and communication of results for both technical and non-technical audiences. Isolate and convey multi-year optimization strategies and next-well expectations.
Key Benefits
For the Engineer:
Design completions based on solid economic analysis and include operational risk in the assessment. Quantify the trade-off between operational risk and theoretical financial gains with more focused completions.
For the Field Operator:
Prolong asset life while ensuring continual insight into improvements in field operations.
For the Enterprise:
The Completion Optimization App can be used for any completion and is exceptionally well-suited for horizontal hydraulically fractured wells in tight rock formations.
SOLUTION BRIEF
Completion Optimization App
WEBINAR
NSI Frac Lessons Learned With George Voneiff
