Oil & Gas Training
and Competency Development

Discipline
LevelFoundation
Duration4 Hours
Delivery Mechanism Virtual Classroom
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OFM Production Forecast Analysis Essentials (Virtual Classroom) on DELFI

This course is delivered as Virtual Instructor Led Class or Private Virtual Classroom.

In this course, you will learn all the essentials of OFM capabilities to forecast production and retrieve forecast information for further studies. You will 1) analyze historical production trends, 2) history match and subsequently forecast production. Hands-on exercises on decline analysis are covered applying the widely used Arps equation technique. Some additional useful forecasting features available in OFM, i.e. group forecast, ratio forecast, multi-case and multi-schedule forecasts, etc. will also be covered, whenever time permits. At the end of the course, you will know how to make effective use of OFM forecast results.

  • Topics
  • Audience
  • Prerequisites
  • Topics

    • Perform rate versus time analysis
    • Set up of decline curve analysis (DCA )
    • Perform DCA to forecast production for individual or groups of wells
    • Multiple forcast cases
    • Auto Decline
    • Ratio forecasts 
    • Generate reports and plots of forecasted results
  • Audience

    Anyone responsible for performing forecasting and forecast analysis on historical production using OFM software

  • Prerequisites

    No previous experience with OFM is necessary, but a general knowledge of decline curve analysis is an advantage.

    Minimum computer system requirements:

    • Computer, preferrably with dual screens
    • USB headset
    • Video capabilities
    • Internet connection
  • Prerequisites

NExT Technical Forum:
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