Drillinginfo, an oil and gas analytics company, has added functionality to its existing suite of exploration and production intelligence and decision support tools. The goal of the enhancements is to help users minimize risk and maximize accuracy in production predictions while accessing subsurface data in a single source.
- Since April, Drillinginfo customers have had access to the new Probabilistic Decline Curve Analysis tool. This functionality enables subscribers to manage risk by understanding the range of possible EURs with automatic curve fitting in a single platform. Traditional methods require both data sourcing and loading, and manual model development.
- With the DI Transform 5.1 release, licensees are able to analyze the contribution of engineering variables to production within a geologic context, and understand well bore placement and characteristics, as well as positive or negative well interference. With legacy tools, isolating engineering variables from rock properties is difficult, as is the understanding of where the well bore lands with precision, or if production will be affected by neighboring wells.
These exploratory data analysis tools allow for visualization and exportation of data, enabling decision-makers to quantify the risk in reserves estimates and make confident recommendations using sophisticated, predictive, and probabilistic capabilities from Drillinginfo.