Rate estimation and correct allocation is a critical step in oil and gas business which comes before production reporting and hydrocarbon accounting. It is still handled manually by many operators and allocation most often is not performed in a real time.
Accurate Rate Estimation Is Not Always Possible
Due to operational constrains, remote area or financial reasons it is not always possible to perform production well tests to have accurate rate estimation & allocation.
Calculate Production Rate
This package calculates production rates based on field available data, e.g. by using virtual flow meters (physical models, ML models), or by artificial lift data (Dynamometer card data, ESP data), etc.
Added Value Gained
Reduce Error Sources
This process replaces all calculation done in spreadsheets which reduces error sources leading to more consistent production reporting and more accurate financial calculations. It helps to perform rate estimate with limited field data available on real time (VFM concept).
- Small African operator
- European operator