Production KPIs
Calculate numerous production-based Key Performance Indicators including IP-90, IP-365, production-based primary phase determination, recent secondary phase yields, etc.
Understanding Your Assets
And Operations
Auto DCA
Forecast 40-year individual-well monthly production for all producing phases on all wells with a multi-pass, rule & regression-based workflow. Utilize the 3-parameter hyperbolic equation (Arp’s) with an exponential tail with numerous user-defined guides that can be area and formation dependent. Includes gap, rework and outlier detection and handling. Forecasts are easily edited in a dynamic interactive editing window which also allows additional decline segments to be imposed.
Downtime Monitoring
Use ML and SCADA to track well performance vs expectations, notifying operational staff when wells begin to experience production issues.
Single & Multi-Well Economics
Standard individual well, 40-yr, monthly cash flow analysis. All producing phases, NGL purity product streams, fixed and variable operating costs, abandonments costs, existing and drilling/rework locations, etc. Utilize internal accounting system data for operating and well costs. Roll up to any hierarchy level for multi-well cash flows.
A Simplified Approach To Performance Monitoring
Connect
to all disparate data sources regardless of type or location
Characterize
all related data in a single, unified data layer for consistent answers
Consume
data and analytics in real-time with machine learning
Due to dispersed data structures and various analysis software, it is extremely difficult to keep executives and operational employees up to date on the most recent data. Comparing actual performance to budget is always a priority for the Executive, but it is time-consuming and not updated regularly. When the lease running expenses are locked-in an accounting system that is not field-staff friendly, it is difficult for the operations staff to properly control costs and optimize operating profits.
PetroVisor tackles this challenge by automatically importing and integrating financial, budget, operational, reserves, and ESG data with engineering and economics and then displays the findings on executive and field-friendly dashboards. The update frequency is determined by automation, and no human intervention is necessary to produce the dashboards. This module provides the entire organization, from the CEO to the pumper, with up-to-date and automatic data awareness.
