Well Prod is your smart digital assistant designed to model the production profile of an oil well. It takes into account the initial well production, Arps type curve and annual decline rates suitable for use in conventional and unconventional wells. Well Prod converts all these into a metric of cumulative volume of production in the first year, ultimate recovery, and production half life (length of time to reach half of the total production volume over the life of the well). In assessing productivity of a well, Well Prod’s flexibility allows quick ‘what if’ scenarios and sensitivity analysis to appraise the risk or variability, leading to more prudent investment decisions. To start, just say “Alexa, start Well Prod.”
“Unconventional well one thousand two hundred barrels oil per day and sixty ... ”
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