 
Real-Time Reservoir Management: Managing full field operations using real-time data streams from individual wells
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Reservoir Management is defining as the practical science of developing a hydrocarbon field in a manner
that would maximize ultimate recovery. Intelligent Solutions, Inc. has introduced the concept of Real-Time
Reservoir Management (RTRM) as the enabling technology for the emerging smart fields. Real-Time Reservoir
Management (RTRM) refers to a closed loop process during which the reservoir model is continuously updated
based on information/feedback received from the field (via high frequency data streams) that are the
consequence of the decisions made and implemented using the reservoir model.
Therefore, the reservoir model must have the capability of analyzing multiple scenarios in real-time (or near real-time) and provide real-time responses to changes that takes place in the field. ISI has developed Surrogate Reservoir Models (SRM) specifically to fulfill this requirement the smart fields.
Availability of high-frequency data streams opens new doors for effective and
efficient operations of wells and the entire field. The wealth of data that is now
available to operating companies calls for a paradigm shift on the way we approach
problem solving in the E&P industry. Being well aware of our industry's urgent needs
and requirements, ISI has put together an inventory of unique and novel workflows
to address them in the most effective and efficient manner.
Our workflows provide the ability to perform analyses using the real-time, high
frequency data both at the well level and at the full field level.
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Phone: 713.876.7379 Email: Info@IntelligentSolutionsInc.com
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