SEPAL Business Forecasting Solution

SEPAL BFS is an innovative production forecasting solution developed to facilitate generation of realistic business forecasts for integrated production systems while honoring technical, business and production availability constraints.

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Overview

SEPAL BFS is an innovative production forecasting solution developed to facilitate generation of realistic business forecasts for integrated production systems while honoring technical, business and production availability constraints.

SEPAL BFS aids business investment decisions for oil/gas projects by providing Low, Mid and High forecast scenarios to provide key project uncertainties and a balanced view on the upside/downside assets projections for making the right business decisions

Seamless auto generation of integrated system network by just a click in SEPAL BFS can be timesaving and improve understanding of the integrated system network

This functionality powered by the network diagram engine provides a bird’s eye-view of how the entire forecasting elements connect no matter how large the network is. Additional features that complements the network auto-generation functionality includes.

Visualisation of Facility, Business and Deferment constraints via network diagram

Modification of Network Diagrams by adding or removing forecasting element

Manual creation of network diagram

On-the-spot visualisation of facility network diagram detailing how each sub-network connects to the flow station or gas plant.
 

Auto-Generation of Network Diagram

Utilising different optimisation methods and deferment options, SEPAL BFS addresses numerous forecasting optimisation and prioritisation needs in a way that erases the complexity of having to manage intricate multiple stream forecasting objectives.

The forecasting methods embedded in SEPAL BFS simplifies:

Forecasting without prioritising any stream or module while respecting the local (subsurface) and global (facility) constraints.

Sequential prioritisation of Associated Gas (AG) streams over Non-Associated Gas (NAG) based on the set business constraints for gas demand and own use.

Sequential prioritisation of Associated Gas (AG) streams over Non-Associated Gas (NAG) based on the set business constraints for gas demand and own use.

Flexible deferment schedule alternatives to generate realistic forecast that ensure repeatability and auditability

SEPAL BFS has the capability to manage as many input decks as possible. Evolution of Input decks can be tracked with the functionality to save modifications to deferments, facility, and business constraints.

Additional benefits of the input deck manager include:

Robust input deck manager to generate date-stamped forecasts results for improved auditability.

Advanced flexibility to manage input decks and forecast result in a single view

Flexibility in modifying input deck data, saving, exporting changes as .xlsx format and reverting changes made in-App.

Flexibility to re-map unit units for input deck and facility data

Multi Input Deck Management

With interactive, easy-to-use GUI and robust visualisation capabilities forecast results can be presented as Tables and charts of different flavors and analytic features.

SEPAL BFS enables forecast results display as different chart formats to:

Showcase results for different forecast scenarios

Trend and understand results faster

Identify relationships and patterns in forecast results

Flexibility to re-map unit units for input deck and facility data

Communicate forecast results effectively

Export forecast results as .xlsx or .txt formats to capture results of interest in preferred presentation formats

Remarkable visualisation capabilities for enhanced QA/QC of Forecast results.

SEPAL-powered post-forecast management capabilities for Forecast performance benchmarking and Improved decision making.

Robust Visualisation

Running business forecasts can be time-consuming and computationally intensive especially when dealing will large integrated systems for elongated Forecast end date. The turn-around time for generating these forecast results in turn affect the speed and accuracy of the business decision-making process.

With a powerful optimisation engine, SEPAL BFS can generate forecast results for highly complex integrated production system within a couple of minutes irrespective of the Forecast run end dates.

Simultaneous optimisation of forecast run for 1P,2P and 3P forecast cases

Sequential optimisation of for four possible forecast scenarios options

On-the-fly aggregation of forecast results at different forecast levels for speedy visualisation

QA/QC feature to identify and flag inconsistent or erroneous input data

Real-time forecast result output tracking (black screen) and progress toolbar

Videos

Papers & Presentations

FAQS

In SEPAL BFS, the abandonment conditions are explicitly stated in the input deck and several trending options are available for use. The set condition serves as a limiting constraint to the production forecast.
Yes, the input deck can be modified within the software for each well, it is saved as a new file and can be exported after a forecast run.
The time-step size can either be set to monthly or yearly sizes, nonetheless, the forecast results for a monthly run can be aggregated at to different time intervals; Monthly, Quarterly, Semi-Annually or Annually.
The mathematical optimisation for volume-based production forecasting uses a linear method and it is further broken down into several optimisation methods (Standard, Sequential, Generalised) based on the production system configuration and prioritisation.
Yes, the forecast results can be arranged in table to suit the user preference and exported accordingly.
Yes, all forecast results are date stamped.
No, SEPAL BFS is a standalone tool for forecast interpretation. The forecast results can be exported to other platforms such as MS Excel, SEPAL WRFM, etc. for data analytics.
Yes, technical support is available on request following the client support channel of CypherCrescent Limited.
Depending on how you want to be served, SEPAL BFS is a computer software for volume-based production forecasting and serves its purpose efficiently.