Risk Analysis in Oil & Gas: Forecasting Production Curves

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Presented by

Rafael Hartke, CEO of Imagine Risks and Analytics

About this talk

This webinar will present a hands-on example of how to forecast production curves, including the effect of uncertainty and noise in the data and in the model. We will use the tools provided by the DecisionTools Suite to: (i) Understand historical production data (ii) Propose model and estimate parameters for the historical production data (iii) Build a forecasting model (including risk) (iv) Simulate the production curve using Monte Carlo Simulation (v) Analyze the simulation results and discuss how to best present them

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Palisade Company is the world’s leading provider of risk and decision analysis software solutions for science and industry. Our array of software products and custom services enhance the management experience by combining the latest in cutting-edge technology with over 35 years of analytics experience. Palisade’s unified software platform helps clients increase margins, improve performance, expand market share, and maximize operational efficiencies. We have a very simple mission: to minimize risk while maximizing potential.