This course offers a perfect opportunity to explore OilField Manager (OFM) software to accomplish Forecasting analysis. You will explore the intuitive software interface through a sequence of hands-on exercises designed to mimic practical oil-gas workflows to visualize, analyze, run calculations and share results. During this course, you will learn all the essentials of OFM capabilities to forecast production and retrieve forecast information for further studies. You will 1) analyze historical production trends, 2) history match and subsequently forecast production. In addition to the single phase forecast, the course covers the essentials for ratio forecasts. At the end of the course, you will know how to make effective use of OFM forecast results.

Topics

• A brief walkthrough of a fully functioning project, providing quick set of reference points

• Explore OFM analysis dashboard

•  Perform rate versus time analysis

• Set up of decline curve analysis (DCA )

• Perform DCA to forecast production for individual or groups of wells

• Multiple forcast cases

• Auto Decline

• Ratio forecasts

• Generate reports and plots of forecasted results