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Oilfield Manager (OFM) Production Performance and Forecasting Analysis

Dates Venues Register
21/03/2027 - 25/03/2027 NEW YORK

Introduction

Oilfield Manager (OFM) Production Performance and Forecasting Analysis

What are the Goals?

  • Perform rate‑versus‑time production analysis for oil, gas, and water streams using OFM
  • Configure and execute Arps decline curve analysis (exponential, hyperbolic, harmonic)
  • Apply DCA for individual wells and multi‑well forecasts
  • Build and manage multiple forecast cases representing different recovery scenarios
  • Use Auto Decline for rapid and consistent DCA across large datasets
  • Construct ratio forecasts and understand when ratio methods are appropriate
  • Create calculated forecasts using user‑defined formulas
  • Generate and export reports and plots for reserves and economic models
  • Critically evaluate forecast quality and identify non‑physical parameters
  • Communicate forecast uncertainty to technical and non‑technical audiences

Who is this Training Course for?

  • Reservoir engineers producing DCA and field forecasts
  • Production engineers analysing well performance
  • Asset managers and field development planners
  • Production geologists integrating performance data
  • Petroleum technologists and production data analysts
  • Petroleum economics professionals requiring forecast insight

Daily Agenda

Day 1: Foundations of Production Decline Analysis
  • OFM environment refresher: data model, well selection, plotting
  • Production decline physics and reservoir drive mechanisms
  • Arps decline equations: exponential, hyperbolic, harmonic
  • Key DCA parameters: qi, Di, b‑exponent
  • Rate‑versus‑time analysis and decline regime identification
Day 2: Decline Curve Analysis in OFM

 

  • DCA setup and data filtering
  • Manual vs automated fitting
  • Fit quality evaluation and sanity checks
  • Forecast constraints and economic limits
  • Single‑well forecast generation
  • Common DCA pitfalls
Day 3: Advanced Forecast Methods

 

  • Multi‑phase production challenges
  • Ratio forecasting (GOR, water cut, WGR)
  • Multiple forecast cases management
  • Auto Decline configuration and QC
  • Calculated forecasts with user‑defined formulas
Day 4: Multi‑Well & Portfolio Forecasting
  • Forecast aggregation to field level
  • Well grouping strategies
  • Sensitivity analysis of EUR
  • Integrating drilling and workover assumptions
  • Forecast vs actual analysis
Day 5: Reporting, Outputs & Integration

 

  • OFM plots, tables, and summary reports
  • Exporting data for economics and simulation
  • Reserves classification context (1P/2P/3P)
  • Forecast quality control checklist
  • Capstone exercise and peer review
  • Course review, Q&A, and certification

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