PetroPapers: Unlocking Completion Design Optimization using an Augmented AI Approach
PetroPapers • Yoshi Pradhan • 02/18/2021
QRI CTO, Hamed Darabi, interviews with Yoshi Pradhan from PetroPapers to discuss technical paper number: SPE-200000-MS, and how oil & gas companies can optimize completion design parameters and access the full potential of unconventional assets using an Augmented AI approach with an AI-driven technology like SpeedWise® Unconventionals.
SpeedWise® Unconventionals leverages big data sculpting, domain-induced feature engineering, and robust and explainable machine learning models with quantified uncertainty. This method unlocks the full potential of a well using completion design parameters optimization that considers all the factors that impact well performance, geological characteristics, well trajectory, spacing, etc.
By leveraging basin-level knowledge captured by big data sculpting with the use of uncertainty quantification, Augmented AI can provide quick and science-based answers for completion optimization, and also assess the full potential of an asset in unconventional reservoirs.
By leveraging computer vision and natural language processing techniques, unstructured data from various sources were deciphered, combined and organized into a structured database. Imputation techniques were used to fill the gaps of missing data. With the Augmented AI approach, the median accuracies of IP and EUR predictions for new drills is around 90%, which often outperforms industry-standard type curving methods. With the explainable machine learning (ML) model, the direct impact of completion design parameters on well performance is deconvoluted among other parameters, such as engineering and geological attributes. The prediction also comes with an 80% confidence interval to quantify the prediction uncertainties, which allows for better risk management and confident business decision making. With the ML model and given economic inputs and metrics, many sensitivity analyses are performed to evaluate optimized completion design parameters. The proposed Augmented AI approach has been deployed to Eagle Ford wells.