SPE Europe Energy Conference and Exhibition 2024
DOI: 10.2118/220095-ms
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Enhancing Short-Term Production Forecast in Oil Fields: Integrating Data-Driven and Model-Based Approaches to Reduce Uncertainty

M. M. Gonçalves,
R. Werneck,
M. Castro
et al.

Abstract: Reservoir simulation models are usually applied to optimize oil field production across its life cycle but face challenges in short-term forecasting. Data-driven techniques (DD) show promise for short-term predictions but lack reliability over extended periods. This study introduces a Hybrid Methodology (HyM) combining the optimal features of model-based (MB) with DD approaches to select the best simulation models to make short-term decisions, effectively reducing uncertainty in short-term production forecasts… Show more

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