Desirable Software Simulation and Modeling Features to look for in 2020

1. Desirable Software Simulation and Modeling Features to look for in 2020

2. Desirable Software Simulation and Modeling Features to look for in 2020 • Reservoir Simulation Software allows you to analyze ad predict the fluid behavior in the reservoir by using physical or mathematical models. Reservoir Simulation software is the valued tools that let organizations evaluate the performance of oil and gas reservoir under various operating strategies.

3. Main objectives for using reservoir simulation are: • Optimization of development plans for new fields • Assistance in operational and investment decisions

4. Main objectives for using reservoir simulation are: • Different software’s are available for reservoir simulation in the market ranging from private, open-source, or commercial. The recent challenges and current trends in reservoir simulation that you must know while considering a reservoir simulation software is: • Accurate and efficient modeling • The Balance between Speed and Accuracy • Support for unconventional reservoir simulation

5. Performance Optimization through Artificial Intelligence • With significant changes in the economic boundary conditions, sustainability is a challenge for businesses across the oil & the gas industry is facing. It is crucial to have a rapid reassessment of the production potential of fields and wells. • The software must combine the power of AI and conventional physical modeling with an innovative digital transformation toolkit to help you perform the scenario testing for new wells which usually requires many months or years. From performing field history matching to generating and testing variety of scenarios, the software must offer to perform these within days.

6. Drilling Sequence Optimization • The simulation software must offer you the features that you can utilize to maximize financial benefits from your drilling sequence. It must have the capacity to screen reduced rig count scenarios instantly while maximizing production from your new wells portfolio. • The software should be able to rapidly run every drilling sequence scenario in a clear, stable, and structured manner. You must inspect the features of the software and verify if they include cost and production graphs or not. • As the cost and production graphs allow comparisons of different scenarios and facilitate timely decision making to guarantee optimized production against the invested capital.

7. Usability & Extensibility • One more important feature to consider when selecting simulation software is usability and extensibility. Unlike old simulation software that requires an expert user to set up the simulation model, the application must be designed to improve usability, user experience, and productivity across all disciplines.

8. Multi-Dimensional Data Modeling • The software must offer you multi-dimensional data modeling features to gain deeper insights into your data. With the help of a 3D viewer, you can easily model, analyze, and understand all aspects of your data.

9. Simulation in the Cloud • As everything is based on the cloud these days, resulting in changing the way people run models. The simulation software must include a full range of cloud technologies.

10. Thank you This presentation brought to you by meera simulation – A first 3d hybrid reservoir simulation software for petrochemical engineers www.meerasimulation.com