Given:
the matching procedure assumes searching for thee specific set of model parameters to minimize the goal function:
G({\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 and .
There are few approaches to match the Arps decline to the historical data (or a training dataset within):
The constrained matching is used to one may wish to ensure the smooth transition from the training dataset to future model predictions.
All three model parameters are being varied to achieve the best fit to the training dataset.
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline | |||
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The best-fit model may not match:
The value of the model rate at the initial time moment is set to training dataset: and the two other model properties are being varied to achieve the best fit to the training dataset.
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline | |||
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The best-fit model may not match:
The value of the model rate at the current time moment is set to training dataset: and the two other model properties are being varied to achieve the best fit to the training dataset.
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline | |||
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This ensures the smooth transition from historical data to the production forecasts in future time moments .
The best-fit model may not match:
The value of the model rate at the initial time moment is set to achieve the match between the values of current cumulative from model prediction and training dataset :
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline | |||
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The best-fit model may not match:
The value of the model rate at the current time moment and decline pace are set to match both current rate and current cumulative .
This makes Exponential Production Decline and Harmonic Production Decline are fully set while Hyperbolic Production Decline has opportunity to vary one model parameter to achieve the best fit to the training dataset.
Exponential Production Decline | Hyperbolic Production Decline | Harmonic Production Decline | |||
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The best-fit model may not match:
Petroleum Industry / Upstream / Production / Subsurface Production / Field Study & Modelling / Production Analysis / Decline Curve Analysis / DCA Arps @model