Reliable production forecasting sits at the heart of good asset management and business planning in the upstream oil and gas sector. Decline Curve Analysis has served as the standard forecasting tool for planning purposes mainly because it is straightforward to apply and does not demand large volumes of data. In prac...
T. A. Farotimi, A. Magnus, G. Maku et al.· SPE Nigeria Annual Internati...· 0 citations
The conventional dashboard paradigm in upstream oil and gas relies on static, pre‑built visualizations tied to specific software platforms. While useful, these dashboards cannot answer ad‑hoc, cross‑domain questions that arise during day‑to‑day asset management. Engineers and managers are forced to manually pull and...
G. Achumba, A. Magnus, T. A. Farotimi et al.· SPE Nigeria Annual Internati...· 0 citations
Managing mature oil and gas assets presents persistent challenges, including declining production rates, compounding well and facilities integrity risks driven by increasing mechanical failures, and escalating operational inefficiencies as surveillance data grows in volume without a commensurate increase in actionabl...
A. Magnus, T. A. Farotimi, K. Adenuga et al.· SPE Nigeria Annual Internati...· 0 citations
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