FUTURES®

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Deployed by 9 companies

Production forecasting system (integrated asset model)

Page last modified

October 16 2024

FUTURES® 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.

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

Pros & Limitations

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

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