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FUTURE
Production forecasting system
Page last modified
October 31 2023
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.
Pro/con
Better, more auditable forecasts
Easy to use
Reduces duplication
Saves precious time
Value for money
Not a replacement for simulation (but rather the most effective post-simulation system)
Specification
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)
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Technology Readiness Level
[9/9]
Development
Technology demonstration
Mature / Proven
Technologies Deployed By
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