m4theus4ndr4de/regression-oil-production-prediction
Production prediction is one of the core problems in a company. The provided dataset is a set of nearby wells located in the United States and their 12 months cumulative production. The company data scientist needs to build a model from scratch to predict production.
This project helps oil and gas companies forecast the 12-month cumulative gas production of new wells. By inputting geological, drilling, and completion data for a well, it generates a prediction of its future production volume. This tool is designed for data scientists and operations managers in the oil and gas industry to support strategic decision-making.
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Use this if you need to quickly estimate the future production of new or proposed oil and gas wells using readily available well attribute data.
Not ideal if you require real-time production monitoring or detailed reservoir simulation, as this provides a cumulative forecast based on well characteristics.
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Last pushed
Nov 23, 2022
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