The AI for Upstream Oil & Gas: Reservoir Modelling and Production Forecasting training course explains how AI can complement established engineering methods in practical upstream decision-making. Reservoir models and forecasts inform development plans, well placement, production targets, reserves estimates and investment priorities throughout an asset’s life. However, subsurface information remains incomplete, reservoir behaviour is uncertain, and changing operating conditions can influence production data. Production forecasting must therefore remain an ongoing engineering activity rather than a single calculation.
AI and machine learning enable upstream teams to examine substantial volumes of geological, petrophysical, well and production data. These methods can identify patterns, produce alternative forecasts and accelerate the evaluation of development scenarios. Their value relies on relevant, high-quality input data, appropriate validation and a robust understanding of reservoir physics. A close match with historical production does not guarantee reliable performance under different operating conditions or when applied to another well. Participants progress from data preparation and feature selection through model development, uncertainty assessment and decision support, while interpreting results against conventional methods and communicating assumptions and limitations clearly.
This AI for Upstream Oil & Gas: Reservoir Modelling and Production Forecasting training course will highlight:
- Analysing geological, petrophysical, well and production data
- Preparing data and selecting relevant model features
- Developing and appropriately validating AI forecasting models
- Comparing AI applications with conventional engineering methods
- Assessing forecast uncertainty and changing operating conditions
- Communicating forecast assumptions, limitations and decision implications