Serafim Ltd.

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.

FUTURE V5.6 was released on 12 Jan 2020, with a number of small, but useful changes. The main new features are

• Connections between material balance tanks
• User-defined streams (e.g. for power requirements) are now included in charts and exports.
• Improvements to accuracy of material balance calculations
• Lift-gas supply can be specified as coming from a compressor  or from high-pressure gas wells
• Pressure calculations are speeded up by an average of 40%.

FUTURE V5.4 was released on 1st March 2019, as a functionality update to V5. It give further options in decline analysis and in stochastic calculations.

Serafim is delivering FUTURE training to Sinopec petroleum engineers in Beijing - the first time Serafim has been involved with such training in China.

FUTURE V5.0 will be released on 1st October 2017. It has improvements in all areas of functionality, including stochastic calculations, a new linear solver and numerous speed-ups to enable FUTURE to work quickly even with very large models.

Brunei Shell Petroleum (BSP) has decided to use FUTURE for its 2017 Annual Review of Petroleum Resources.

FUTURE V4 has had a major upgrade to V4.3, with significant improvements for large models, pressure calculations and shorter-term forecasting.

With assistance from Invest NI and the European Regional Development Fund , Serafim is launching a new project to generalise and extend FUTURE's current functionality, in a process similar to code refactoring, to ensure that FUTURE can be a comprehensive tool for all oil- and gas-fields.