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Product Overview
Overview
Froswell flagship product is an oilfield simulator that combines physics-based modeling (INSIM - Integrated Network Simulator for Integrated Models), machine learning, and heliometric data to provide field models and production forecasts. The value proposition of Froswell's solution lies in its ability to reduce field model errors, provide deep insights into underground hydrodynamics, and offer improved forecasts of field development parameters.
Froswell's product suite includes:
- Advanced field modeling using a hybrid approach of physics-based simulation and machine learning
- Heliometric data integration for improved model accuracy and by-passed oil detection
- Automated history matching and model calibration
- Production optimization and water management recommendations
- Drilling de-risking and reserve management tools
Business Model
SaaS
Technology Innovations
Froswell uniquely combines physics-based modeling (INSIM) with machine learning algorithms, providing a more accurate and computationally efficient solution compared to traditional simulators. The use of helium gas measurements at wellheads and through areal surveys provides a novel approach to validate model predictions and identify by-passed oil opportunities.
Applications
- Mature field optimization: Maximizing recovery and minimizing costs in brownfield developments
- New field development planning: Optimizing well placement and production strategies in greenfield projects
- Enhanced Oil Recovery (EOR) planning and optimization: Improving the effectiveness of waterflooding and other EOR techniques
- Reservoir characterization: Providing detailed insights into reservoir properties and fluid dynamics
- Production forecasting: Generating accurate short-term and long-term production profiles
- Water management: Optimizing water injection strategies to maintain reservoir pressure and minimize water production