Given:
- a function
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t, %7B\bf p%7D) |
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of real-value argument and set of model parameters LaTeX Math Inline |
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body | --uriencoded--%7B\bf p%7D = \%7B q%5e*_0, \, \tau_0, \, b \%7D |
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- a training data set:
LaTeX Math Inline |
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body | --uriencoded--\%7B (t_k, q_k)\%7D_%7Bk = 1..N%7D = \%7B (t_0, q_0), (t_1, q_1), ..., (t_N, q_N) \%7D |
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the matching procedure assumes searching for thee specific set of model parameters
LaTeX Math Inline |
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body | --uriencoded--%7B\bf p%7D |
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to minimize the goal function:
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F({\bf p}) = \sum_{k=1}^N \, \Psi \left( q^*(t_k) - q_k \right) \rightarrow \textrm{min} |
where
is the discrepancy distance function.
Most popular choices are
LaTeX Math Inline |
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body | --uriencoded--\Psi(z) = z%5e2 |
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and
LaTeX Math Inline |
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body | --uriencoded--\Psi(z) = %7Cz%7C |
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.
There are few approaches to match the Arps decline to the historical data:
Anchor |
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| Unconstrained |
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| Unconstrained |
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Unconstrained matching
All three model parameters LaTeX Math Inline |
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body | --uriencoded--\%7B q%5e*_0, \, \tau_0, \, b \%7D |
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are being varied to achieve the best fit to the training dataset.
The best-fit model may not match:
- the initial production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) \neq q_0 |
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- the current production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=t_N) \neq q_N |
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- the current cumulative production
LaTeX Math Inline |
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body | --uriencoded--Q%5e*(t=t_N) \neq Q_N |
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Match the value of the initial rate LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) = q_0 |
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The value of the model rate at the initial time moment is set to training dataset: LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) = q_0 |
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and the two other model properties LaTeX Math Inline |
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body | --uriencoded--\%7B D_0, \, b \%7D |
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are being varied to achieve the best fit to the training dataset.
The best-fit model may not match:
- the current production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=t_N) \neq q_N |
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- the current cumulative production
LaTeX Math Inline |
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body | --uriencoded--Q%5e*(t=t_N) \neq Q_N |
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Match the value of the current rate LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=t_N) = q_N |
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To ensure the smooth transition from historical data
LaTeX Math Inline |
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body | [(t_1,q_1)... (t_N, q_N)] |
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to the production forecasts in future time moments LaTeX Math Inline |
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body | --uriencoded--[(t_%7BN+1%7D,q_%7BN+1%7D), ...] |
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one may wish to constrain the model by firm matching the production at the last historical moment which leads to the following form of Arp's model:Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline |
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| q(t)=q_N \cdot \exp \big[ -D_0 \cdot (t-t_N) \big] |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+b \cdot D_0 \cdot t_N }
{ 1+b \cdot D_0 \cdot t } \right]^{1/b} |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+D_0 \cdot t_N }
{ 1+ D_0 \cdot t } \right] |
|
LaTeX Math Block |
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| Q(t) - Q_N = [ q_N - q(t)] \, \tau_0 |
| LaTeX Math Block |
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| Q(t) - Q_N = \frac{q_N^b \, (\tau_0 + b \, t_N)}{1-b} \left[ q_N^{1-b} - q^{1-b}(t) \right] |
| LaTeX Math Block |
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| Q(t) - Q_N = q_N \, (\tau_0 + t_N) \cdot \ln \frac{q_N}{q(t)} |
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The best-fit model may not match:
- the initial production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) \neq q_0 |
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- the current cumulative production
LaTeX Math Inline |
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body | --uriencoded--Q%5e*(t=t_N) \neq Q_N |
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Anchor |
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| Current_cumulative |
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| Current_cumulative |
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Match the value of the current cumulative LaTeX Math Inline |
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body | --uriencoded--Q%5e*(t=t_N) = Q_N |
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To ensure the smooth transition from historical data
LaTeX Math Inline |
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body | [(t_1,q_1)... (t_N, q_N)] |
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to the production forecasts in future time moments
LaTeX Math Inline |
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body | --uriencoded--[(t_%7BN+1%7D,q_%7BN+1%7D), ...] |
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one may wish to constrain the model by firm matching the production at the last historical moment
which leads to the following form of
Arp's model:
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline |
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| | |
LaTeX Math Block |
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| q(t)=q_N \cdot \exp \big[ -D_0 \cdot (t-t_N) \big] |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+b \cdot D_0 \cdot t_N }
{ 1+b \cdot D_0 \cdot t } \right]^{1/b} |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+D_0 \cdot t_N }
{ 1+ D_0 \cdot t } \right] |
|
LaTeX Math Block |
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| Q(t) - Q_N = [ q_N - q(t)] \, \tau_0 |
| LaTeX Math Block |
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| Q(t) - Q_N = \frac{q_N^b \, (\tau_0 + b \, t_N)}{1-b} \left[ q_N^{1-b} - q^{1-b}(t) \right] |
| LaTeX Math Block |
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| Q(t) - Q_N = q_N \, (\tau_0 + t_N) \cdot \ln \frac{q_N}{q(t)} |
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The best-fit model may not match:
- the initial production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) \neq q_0 |
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|
- the current production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=t_N) \neq q_N |
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Anchor |
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| Current_rate_cumulative |
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| Current_rate_cumulative |
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Match the value of the current rate and cumulative LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=t_N) = q_N |
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, LaTeX Math Inline |
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body | --uriencoded--Q%5e*(t=t_N) = Q_N |
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To ensure the smooth transition from historical data
LaTeX Math Inline |
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body | [(t_1,q_1)... (t_N, q_N)] |
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to the production forecasts in future time moments LaTeX Math Inline |
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body | --uriencoded--[(t_%7BN+1%7D,q_%7BN+1%7D), ...] |
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|
one may wish to constrain the model by firm matching the production at the last historical moment which leads to the following form of Arp's model:Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline |
---|
| | |
LaTeX Math Block |
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| q(t)=q_N \cdot \exp \big[ -D_0 \cdot (t-t_N) \big] |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+b \cdot D_0 \cdot t_N }
{ 1+b \cdot D_0 \cdot t } \right]^{1/b} |
| LaTeX Math Block |
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| q(t) = q_N \cdot \left[ \frac{1+D_0 \cdot t_N }
{ 1+ D_0 \cdot t } \right] |
|
LaTeX Math Block |
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| Q(t) - Q_N = [ q_N - q(t)] \, \tau_0 |
| LaTeX Math Block |
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| Q(t) - Q_N = \frac{q_N^b \, (\tau_0 + b \, t_N)}{1-b} \left[ q_N^{1-b} - q^{1-b}(t) \right] |
| LaTeX Math Block |
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| Q(t) - Q_N = q_N \, (\tau_0 + t_N) \cdot \ln \frac{q_N}{q(t)} |
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The best-fit model may not match:
- the initial production rate
LaTeX Math Inline |
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body | --uriencoded--q%5e*(t=0) \neq q_0 |
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See Also
Petroleum Industry / Upstream / Production / Subsurface Production / Field Study & Modelling / Production Analysis / Decline Curve Analysis / DCA Arps @model