Production forecasting for upstream portfolios

Forecast Every Well. Review What Matters.

Import production history, generate transparent oil, gas, and water decline forecasts across the portfolio, validate them against known history, and focus engineering review on the wells that need judgment.

Venezuela-first, for upstream teams wherever their portfolios operate.

Portfolio forecasting with engineering control

Scale the workflow. Keep the assumptions visible.

01

Forecast the portfolio

Apply a repeatable oil, gas, and water forecasting workflow across multiwell portfolios instead of rebuilding each well by hand.

PORTFOLIO REVIEWVenezuela asset queue
Oil · monthly
AssetDeclineStatus
Ayacucho 6Forecasted
Ayacucho 7Review
Boyacá 5Forecasted
Boyacá 8Queued
Junín 1Forecasted
Consistent status language keeps exception review focused.Exceptions first

02

Test forecasts against history

Hold back a known production period, forecast from the cutoff, and compare the result with actuals to expose error, bias, and uncertainty before decisions are made.

HISTORICAL VALIDATIONBlind forecast · revealed actuals
Oil rate · bbl/d
Known historyHeld-out actualP50 base
Actuals after the cutoff are revealed only for comparison.Holdout protocol

03

Keep engineering judgment in the loop

Inspect the Modified Arps method, Di, b-factor, and terminal decline; prioritize wells for review; and manually adjust curves when reservoir behavior or operating context warrants it.

ENGINEER CONTROLDecline assumptions
Engineer review
Decline model
Modified Arps
Di
Set per asset
b-factor
Set per asset
Terminal decline
Set per asset
Inputs remain visible and editable before approval.Engineering control

One controlled forecasting workflow

From production history to reviewed forecast.

Move the portfolio through four connected steps while keeping assumptions visible and engineering review focused.

Forecast workflowImport → Forecast → Validate → Analysis
Venezuela Assets · monthly oil
01 · IMPORTSource data to forecast-ready history
Monthly source
CSV / XLSX
Production historyOil · gas · water · days on
Mapped
NORMALIZED FIELDS
FechaDate
QoOil rate
DíasDays on
Map selection and forecast selection use the same Venezuela asset context.Linked selection

Technical workflows

One forecast foundation. Three technical workflows.

01

Asset Management

Monitor producing wells, refresh forecasts, and identify material deviations from expected performance.

02

Reserves & Technical Evaluation

Develop traceable production forecasts with a clear path for engineering review and downstream technical evaluation.

03

A&D & Portfolio Screening

Screen large well sets with consistent assumptions, then focus technical diligence on the assets that merit deeper review.

Historical validation

Don’t trust a black box. Test it on history.

Set a historical cutoff, hide the production that follows, forecast from the remaining history, then reveal the actuals and inspect where the forecast held—and where it missed.

Historical Validation12-Month Historical Validation
Reviewed Venezuela assetAyacucho 6
SeriesOil · monthly
Holdout12 months
MethodForecast blind
01Hide period
02Forecast blind
03Reveal actuals
ACTUAL VS FORECASTAyacucho 6 · oil rate validation
Holdout method · 12 months
Known observationsHeld-out observationsP50 baseP10 highP90 low
Observed monthly points after the cutoff were withheld from the fit.Scenario cases—not a confidence interval

Forecast demo

See what your production history can tell you.

Run the public demo, or benchmark the engine against an anonymized portfolio of your own wells.

See the Forecast Demo