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
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
Upstream oil and gas operations continue to face persistent inefficiencies driven by fragmented data sources, manual workflows, and prolonged data-to-insight latency. As a result, engineers spend a disproportionate amount of time locating, validating, and reconciling data rather than performing value-adding analysis....
M. Amaefuna, T. A. Farotimi, A. Ogunjobi et al.· SPE Nigeria Annual Internati...· 1 citation
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