We will post company updates and news about upcoming / current software releases on this page.
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
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.
FUTURE V4 has had a major upgrade to V4.1. Users will be automatically prompted to accept the upgrade when they next start up FUTURE. V4.1 has a number of significant improvements for shorter-term forecasting.
Talisman/Sinopec is now using FUTURE for its annual update of reserves.
To improve the provision of support for users of Serafim FUTURE, we have set up a users' help desk site, where users can have access to the Serafim Help ticketing system, to a users' forum and to a knowledge-base of problems and how to fix them. We have also put a series of training videos on our Videos page.
Serafim is now being assisted by the US-based Gibraltar Software for user-interface improvements to FUTURE.
FUTURE V4.0, with improved charts, better modeling of work-overs and support for Cloud-based databases is now released and is available for download.
Maersk Oil UK has joined Maersk Oil Qatar and Maersk Olie og Gas in using Serafim FUTURE as a reserves management and production forecastng system.
Talisman/Sinopec UK has started a trial of Serafim FUTURE, to assess its suitability as a replacement for forecasting spreadsheets in reserves evaluation and other tasks.
McDaniel International has decided to use Serafim FUTURE in consultancy work and reserves forecasing on capacity-constrained oil-fields.
FUTURE v3.6, with new features including running customised spreadsheet calculations during a FUTURE run, is now under testing.
In response to an urgent request from a client, Serafim has developed a new feature in FUTURE to allow production from certain wells to be prioritised. The feature adds an individual well value multiplier term to FUTURE's network solver objective function. The new feature was requested on 12th July 2012 and delivered on 23rd July.
Serafim now has developed a new training course for Future. The course focuses and follows a practical example giving the participant hands-on experience of the key features of the software.
FUTURE v3 has now in full release, after a year as a Beta version - a year in which it was being extensively used and continuously enhanced. The new version is significantly faster, more reliable and more flexible than FUTURE v2.
Salym Petroleum Development (SPD) has finished their trial of Serafim FUTURE, concluding that its functionality meets their requirements
A Future model with more than 1200 wells, multiple oil and water constraints etc is up and running, taking two minutes to calculate High/Medium/Low life-of-field production profiles.