FOROIL TECHNOLOGY

FOROIL is a special service company relying on breakthrough proprietary algorithms to generate additional production and reserves from brown oil and gas fields.

FOROIL delivers results, using in-house developed tools (Digital Behavior Twin and Massive Optimizer)

Project results are delivered within three months and subsequent assitance to implementation ensures actual realization of the upside.




Increase production and/or reserves

Depending on your field maturity and/or your investment strategy, you can:

Increase reserves, while maintaining constant production, with reduced investment.
Mitigate decline, extend lifespan and increase reserves, even with no investment.

Subsequently get your reserves re-certified.

A SERVICE SMOOTHLY INTEGRATED IN YOUR WORKING PROCESS

How so different?

FeaturesFOROILOthers
Forecast accuracy >95% (5y)
✓
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100,000,000 field development plans daily
✓
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Full results within 3 months
✓
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Reserves re-certified
✓
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Because FOROIL first uses production data that have a lot to say about a brown field behavior.
FOROIL do not make assumptions on subsurface properties.
Because FOROIL uses all the laws of reservoir and well physics to constrain our learning process.
This is not a neural network.
Because FOROIL applies state-of-the-art mathematics and computer science, using methods already validated in other industries.
It was just not possible ten years ago: technology was not available.
Because FOROIL has invested 15 years of R&D in gathering experience and developing tools and know how.
This is not pure service: FOROIL uses home-developed powerful tools.
Because FOROIL has industrialized for you the very process of building our Digital Behavior Twin and our Massive Optimizer.
Although FOROIL builds a specific Digital Behavior Twin per field, and FOROIL has industrialized the process.
The way the model is built is different from traditional field modeling, but the output is the same.

Recognized and Praised

FOROIL and some clients have published and presented results in international conferences (SPE papers and Adipec).
FOROIL has accumulated experience over 500 reservoirs.
FOROIL has a client base over all continents.
FOROIL has obtained US patents (US 8,412,501 B2, US 8,532,968 B2 & US 9,031,821 B2) on its methodology. A 4th US patent is actually pending (US 20,190,186,238 A1).

SEE THE RESULTS
OF THE SAN FRANCISCO FIELD PROJECT