The company has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference.
Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference.
The ForeSite platform combines physics-based models with advanced data analytics to improve performance across wells, reservoirs and surface facilities.
This release is the first in a series of integrated software offerings that will combine proven Weatherford
production optimization technologies with the Internet of Things, cloud computing and advanced analytics to enable complete asset management.
The ForeSite platform is initially focused on improving
the management of wells with rod-lift systems and will later extend to all forms of lift, as well as management and optimization at the reservoir and surface-facility levels.
We are entering a new era of automation and digitization in the oil and gas industry, says Oscar Rivera, Weatherford VP of Reservoir Solutions.
By harnessing data from every corner of the asset, the ForeSite platform enhances visibility and predictability - empowering operators to make better
asset-management decisions that maximize production while reducing cost per barrel.