DRIVE powers automatic comparisons of simulation results of field development scenarios against a reference case.
Introduction
DRIVE utilizes an AI-proxy model covering a wide range of operating conditions and infill drilling configurations to reproduce reservoir simulation models for portfolio optimization.
The application also screens, ranks, forecasts, and optimizes Field Development Plan (FDP) scenarios for numerous assets in an automated fashion, using optimizers and AI-powered proxy models. What is produced are comprehensive economic models to rank FDP scenarios and optimize forecasts.
Features
Utilizing DRIVE, an inexpensive proxy can be developed to generate numerous simulation cases, with significantly reduced computational expense, making it feasible to solve a net present value (NPV) maximization problem.
Another major benefit of deploying DRIVE is its ability to accelerate opportunity identification through rapid screening of business plans with respect to key performance indicators.
QC/QA modeling
Automatic running of quality control/quality assurance (QC/QA) reservoir models and consistency analysis.
Simulation results
Automatic comparisons of simulation results of multiple field development scenarios.
Business plan screening
Ability to rapidly screen business plans with respect to key performance indicators.
Benefits
- 01Efficiency improvementImprovement of efficiency, leveraging AI and automation.
- 02OptimizationBusiness plan optimization to generate large savings.
- 03Resource maximizationIdentifies operational issues early, allowing for quicker remediation, which can reduce OPEX costs.
- 04Economic modelingProduction of comprehensive economic models to rank FDP scenarios and optimize forecasts.
Brochure
Please download the brochure by clicking below.
