Weatherford International plc announced the commercial release of the ForeSite production optimisation platform today at the Weatherford Enterprise Software Conference. The ForeSite platform combines physics-based models with advanced data analytics to improve performance across wells, reservoirs and surface facilities.
This release is the first in a series of integrated software offerings that will combine proven Weatherford production optimisation technologies with the Internet of Things, cloud computing and advanced analytics to enable complete asset management. The ForeSite platform is initially focused on improving the management of wells with rod-lift systems and will later extend to all forms of lift, as well as management and optimisation at the reservoir and surface-facility levels.
“We are entering a new era of automation and digitisation in the oil and gas industry,” said Oscar Rivera, Vice President of Reservoir Solutions at Weatherford. “By harnessing data from every corner of the asset, the ForeSite platform enhances visibility and predictability – empowering operators to make better asset-management decisions that maximise production while reducing cost per barrel.”
Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/10052017/weatherford-introduces-foresite-production-optimisation-platform/