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Estimates reserves and predicts the rate of oil or gas production

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shanminlin/decline_curve_analysis

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Decline-Curve-Analysis

In this project, we aim to develop a pipeline to fit the exponential, harmonic, hyperbolic and hyperbolic-to-exponential decline curves to well production data and evaluate the performance of the fit. To investigate the effect of outliers, we explored three methods for outlier detection, namely one-class support vector machine, isolation forest and local outlier factor. All three methods are able to detect significant outliers. Support vector machine and local outlier factor are able to capture the shape of the training data closely. However, most recent declines are often overlooked. On the other hand, isolation forest is able to capture the most recent declines, which are more important in our forecast. Therefore, we employed the isolation forest algorithm in outlier filtering.

This project contains the following files:

  • DCA.py - main script for curve fitting, prediction and evalution.
  • test.py - script for unit tests.

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