Day 3 Wed, November 02, 2022 2022
DOI: 10.2118/211364-ms
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AI Assisted Well Performance Prediction Based on Production Profiles Clustering

Abstract: Production forecast is an important part of field development planning using for business planning and economic evaluation of an oil and gas field. The conventional approach to production forecasting includes a bunch of methods from decline curve analysis to hydrodynamic modeling; however, these methods have certain limitations of use. The objective of the study is to investigate the possibility of application AI/ML methods in classification of wells by their historical behavior, and to use this information to… Show more

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