<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=2767369&amp;fmt=gif">

Rate Estimation & Allocation

Use Cases  /  Rate Estimation & Allocation


Manual Estimations

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.

PetroVisor Solution

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).

Use Cases

Customer Success

  • Small African operator
  • European operator