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Harmony Forecast

Extract unrecognized value from your petroleum wells with Harmony Forecast's multi-user capable diagnostic and forecasting methods.

Do you have an ever-increasing number of wells to analyze?

Do you need to collaborate with others to deliver a confident final interpretation of well performance?

Harmony Forecast is the evolution of the petroleum well analysis platform, Harmony Enterprise, that is now multi-user capable for single users and teams. This platform also includes a second component called Harmony Reservoir. This separately licensed software expands on our existing petroleum well analysis technology by making it scalable, collaborative and suitable for large or small IT environments. Forecast is ideal for asset teams, reserves groups, consultants and financial companies.

With Forecast:

  • Efficiently perform well production decline forecasting and related analyses using multiple methods in one tool
  • Quickly connect your corporate well databases into Harmony projects to benefit your entire team
  • Connect to Enerdeq® Browser with the ability to import/update using the Enerdeq Browser's querying capabilities
  • Gain deeper insight from production data to uncover areas for improvement
  • Leverage multi-user concurrent access ideal for teams
  • Access a centralized project database for better data management and consistency

Features

Multi-User Capable

Forecast is the multi-user capable long-term successor to DeclinePlus.

  • Configurable for single-user work and also multi-user teams
  • Runs on industrial-strength Microsoft SQL Server 2014 and SQL Server Express 2014
  • Centralized project databases simplify IT stewardship responsibilities
  • Enables consistency of data for analysis
  • Fosters collaboration through a single repository for storing and sharing analyses
  • Role-based security available to restrict access to certain actions in a shared environment
Production Data Analysis

Forecast analysis methods include:

  • Arps methods, including limiting decline
  • Stretched Exponential, Duong and Multisegment methods
  • Typewell (see tab for more detail)
  • Ratio analysis and associated forecasting
  • Static material balance
  • Volumetrics
Reserves Evaluation
  • Assign reserves classifications to wells or group forecasts
  • Consolidate forecasts based on classification and hierarchy
  • Connect to industry standard economic tools
  • Get quick updates (constituent changes automatically update consolidations)
Typewell Analysis
  • Quickly normalize well production to create a type well for oil, gas, water and BOE
  • Generate average, P10, P50, or P90 production profiles
  • Apply type wells to new locations or wells with limited data
  • Normalize rates on attributes such as horizontal length, number of stages or net pay
Advanced Workflows
  • Mix and match appropriate analysis techniques into a single workflow
  • Force results consistency between methods by linking different analysis techniques
  • Develop, save and share hierarchies, plot templates, data grids and custom workflows
  • Foster a consistent analysis approach across analyst team

Industry Success Stories

Events

Webcast/Webinar 12 November 2019

Latin American LPG Seminar & Workshops 2019

IHS Markit is presenting the Latin American LPG S (...)

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Webcast/Webinar 16 October 2019

IHS Markit Explore Energy: Madrid

IHS Markit Explore: Energy Paris 2019 Explore: En (...)

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Webcast/Webinar 14 October 2019

IHS Markit Explore Energy: Paris

IHS Markit Explore: Energy Paris 2019 Explore: En (...)

Resources

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