DRIVE utilizes an AI-proxy model covering a wide range of operating conditions and infill drilling configurations to reproduce reservoir simulation models for portfolio optimization.
The application also screens, ranks, forecasts, and optimizes Field Development Plan (FDP) scenarios for numerous assets in an automated fashion, using optimizers and AI-powered proxy models. What is produced are comprehensive economic models to rank FDP scenarios and optimize forecasts.
Utilizing DRIVE, an inexpensive proxy can be developed to generate numerous simulation cases, with significantly reduced computational expense, making it feasible to solve a net present value (NPV) maximization problem.
Another major benefit of deploying DRIVE is its ability to accelerate opportunity identification through rapid screening of business plans with respect to key performance indicators.
Automatic running of quality control/quality assurance (QC/QA) reservoir models and consistency analysis.
Automatic comparisons of simulation results of multiple field development scenarios.
Ability to rapidly screen business plans with respect to key performance indicators.
Improvement of efficiency, leveraging AI and automation.
Business plan optimization to generate large savings.
Identifies operational issues early, allowing for quicker remediation, which can reduce OPEX costs.
Production of comprehensive economic models to rank FDP scenarios and optimize forecasts.
To receive a comprehensive product catalog on DRIVE, please download the brochure by clicking below.
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