An Integrated Technique for Production Data Analysis with Application to Mature Fields

The most common data that engineers can count on, specially in the case of mature fields is production data. Practical methods for production data analysis have come a long way since their introduction to the industry several decades ago and they all fall into two categories: Decline Curve Analysis (DCA) and Type Curve Matching (TCM). While Decline Curve Analysis is independent of any reservoir characteristics Type Curve Matching is a very subjective procedure. State of the art in production data analysis can provide reasonable reservoir characteristics but it has two major shortcomings: