FUTURE

1 Review
3 Followers
9 Deploys

Production forecasting system

Page last modified
March 11 2024

FUTURE is the world's first true general-purpose oil/gas production forecasting system. It is the first system that, in a few minutes, can run full oil/gas integrated asset model calculations for large systems with the daily time-steps needed for short-term forecasting.

FUTURE is a single system that replaces confusing mixes of over-lapping software - the DCA application, IAM software, business planning spreadsheet, STPF system etc.

Video Serafim FUTURE

Pros & Limitations
1
Better, more auditable forecasts
1
Easy to use
1
Reduces duplication
1
Saves precious time
1
Value for money
0
Not a replacement for simulation (but rather the most effective post-simulation system)
Specification
Specification Title Specification Description
Areas of Application
Short/Medium/Long-term production forecasting.
Capabilities
Full integrated asset model calculations with 1000s of wells. High performance database structure. Interactive decline analysis. Material balance. Facility constraints. Pipeline pressure drops. Pipeline velocity limits. Stochastic calculations.
Certifications / licences
Passed IT system acceptance tests of Shell, Total, Maersk etc.
Compliance
Fully compatible with SPE Petroleum Resources Management System (PRMS).
Database
Support for Oracle, SqlServer, SQLite, Access.
Deployment
Microsoft ClickOnce (web-deployed, with automatic updating).
System Requirements
Windows 7 or later | 8 GB RAM | 4 processors

Reviews (1)

Get access to reviews

to your explorer or platform subscription to get access to the reviews written about this technology.

Technology Readiness Level

The Technology Readiness Level (TRL) indicates the maturity level of novel technologies. Learn more about the TRL scale used by us.

[9/9]

Development Technology demonstration Mature / Proven
Ask the supplier
 to contact this technology supplier.

Serafim Ltd specialises in applying mathematics and mathematical reasoning to understand and solve practical problems in reservoir engineering and software development. From when we were founded in 2000, we have always tried to base our work on the techniques used in scientific and mathematical research. Our reservoir engineering work has led us to develop the FUTURE software system. The support and further development of FUTURE is currently our main focus of effort.

Solution Deployed By
Company Name

to your explorer or higher plan to get access to all the 9 deployment references.

Last Deployment YearTotal DeploymentsComment