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Even when factories return to full output, filling the pipeline will require some six to seven weeks of overtime to make up for each lost week, said Michael Robinet, director for global production forecasting at IHS Automotive.
The history-matched model was, then, successfully used for reservoir production forecasting.
Acquaintance of production changes is crucial to successful production forecasting of all reservoir types.
This parameter is needed for reserve estimation, production forecasting, wellbore stability evaluation and seismic monitoring issues.
Precise and consistent production forecasting is indeed an important step for the management and planning of petroleum reservoirs.
Clark et al. (2011) presented the first application of the logistic growth model in production forecasting in unconventional reservoirs.
Similar(32)
This is because production forecasts, together with product prices, operating costs and investments, are used to determine the project economics.
Mr. Morse noted that recent production forecasts had "fallen short of where production growth has been".
That could mean that BP would eventually lower its production forecasts as well.
G.M. said that it was no longer publicly releasing production forecasts.
A Reuters poll on U.S. corn production forecast the lowest yields in a decade.
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