Oil & Gas Production Main Technological Data Forecast

Deterministic models are the most widely used ones in modeling oil and gas production processes. However, their use can be limited due to their complexity and loss of integrity. Thus, management of oil fields development processes based on deterministic models is complicated and can lead to mismatched decisions. Use of dynamic models is suggested for representation of oil production processes. The approach has been illustrated and justified on an example of main technological indices of Forties field development. The results reflect that suggested approach represents oil production process accurately and reliably and thus, allows forecast main technological indices of oil production, considering transient processes in oil formation.