Oil & Gas Training
and Competency Development

Discipline
LevelFoundation
Duration4 Hours
Delivery Mechanism Virtual Classroom
Interested in attending this course? Click below to be alerted when scheduled


Print Email

OFM Production Forecast Analysis Essentials

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. In addition to the single phase forecast, the course covers the essentials for ratio forecasts. 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.

    Minimun computer system requirements:

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

NExT Technical Forum:
Continue your in-class discussion and questions in an online community