Serafim Ltd.

On 8th Feb 2024, FUTURES A7 updated from V7.0 to V7.1, with power and green-house gases calculations.

Serafim Ltd. will be publishing a conference paper at the annual Abu Dhabi International Petroleum Exhibition & Conference that is taking place from 31st of October till November 3rd. The paper will be titled "An Algorithm For Calculating Incremental Production In An Integrated Asset Model". It was written by Peter Cunningham, Su Huan, Hendrik Leegte and Daryan Taher. The paper will be available on OnePetro after its presentation.

Serafim Ltd. has decided to change the name of its flagship software from FUTURE® to FUTURES®. The change will be implemented with the release of version 7 which will also carry function and design changes along with it. The update is expected to be released in January of next year.

FUTURE V6.2 was released on 1 August 2022, with the following improvements

• Calculation of local reservoir pressure from simulator rates and FTHP/FBHP
• Compressor and pump curves
• Improved incremental sales calculations
• Improved probabilistic calculations

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Join our 30-minute webinar and say hello to FUTURE®, the World’s first true general-purpose oil/gas production forecasting system!
It is the first system that, in a few minutes, can run full oil/gas integrated asset model calculations for large systems with the daily time-steps needed for short-term forecasting.

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15 Jan 2022 - Use of FUTURE is now available under a free-of-charge "Community" licence, limited to a maximum of 25 wells.

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FUTURE V6.1 was released on 5 September 2021, with the following improvements

• Activity Groups, allowing a well in a drilling sequence to be linked with its required shut-ins
• Improved loading of properties from Excel
• Process diagram icons
• Speed-ups (e.g. use of upper bounds on Simplex variables, to reduce the number of constraints)

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1 March 2021 - FUTURE 6 is now in release, and is available in two versions

• "Adaptive" - FUTURE A6 - with the latest updates
• "Fixed" - FUTURE F6 - typically a month or two behind A6, for users who prefer to minimise the number of updates

FUTURE 6 also has a number of functionality improvements, in the following areas

• Calculation speed
• Speed of writing to database
• Graphics
• Calculations of incremental sales

Read More About FUTURE®

2 November 2020 - At the 2020 SPE Norway Subsurface Conference, Peter Cunningham, Jim McCann and Mustapha Bouhdaid presented a paper - SPE 200754  "A Fast Algorithm for Integrated Asset Modeling" - that described the network-solver algorithm used in FUTURE and demonstrated how it can run 1000x faster than older algorithms.

Belltree Oil & Gas Consultancy is available in conjunction with Serafim to assist new customers in setting up FUTURE models and workflows.