How to prepare the necessary data for Rate vs Date template
Before using Rate vs Date template for the future forecasts, need to make sure that the leaf assets have history production data of oil, gas, water, and so on, have the major phase option and an active scenario with correct Data Processing Method and ,As of Date.
Longyun Xu
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28 steps
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2 minutes
1
Click a leaf asset
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Click the tab of "Historical Data" from a form set(Example United States)
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Make sure that History Prod Rates have the data are latest.
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Click "Asset Description"
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Click "Major Phase" and choose "Oil"
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Click "Major Phase" and choose "Oil"
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Click " OK"
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Major Phase is "Oil", if Major Phase is "Gas", please choose "Gas"
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Click Icon of "Open the Scenario Properties Dialog" if the active scenario isn't right one.
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Click "Add" button
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Type "SEC2022YE" onto Scenario Name and change As of Date into exact date(example Jan 1,2023)
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Type "SEC2022YE" onto Scenario Name and change As of Date into exact date(example Jan 1,2023)
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Choose Data Processing Method into Exact or Average
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Choose Data Processing Method into Exact or Average
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Click "Create" button
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Click "Save" button
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Click "Scenario Dropdown box" to choose a scenario as the active scenario for forecasting
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choose a scenario as the active scenario
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Click "Asset Option"
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Check As of Date(Production Start Date)