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IHS 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?

IHS 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 IHS 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

IHS Forecast is the multi-user capable long-term successor to IHS 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

IHS 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
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

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Nov 21

Consistent low #oil prices mean the industry must make rapid changes to operating practices. Miss the presentation… https://t.co/uxblkhcGJn

Nov 19

How will the #oil industry have to reinvent itself considering consistent low oil prices? Expert analysis from… https://t.co/Dypu8NPY12


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