Know your capacity
BestDay's data-driven capacity estimation gives you an accurate understanding of the current maximum achievable production. Use this as a capacity baseline to compare actual production and identify optimization potentials. BestDay evaluates current constraints to ensure a valid capacity baseline.
BestDay calculates the maximum production capacity using the input of historical actual production, experienced deferments, and production constraints, such as regulatory limits for the concentration of oil in disposed water or the power consumption per produced barrel.
The historical evaluation window span, production constraints, and outlier threshold is defined per client in the BestDay configuration.
View BestDay capacity
You'll find the estimated BestDay capacity on the Deep dive and Well summary pages. On the BestDay Inspector side panel, you'll find the capacity calculation details.
The BestDay data science model
The BestDay capacity estimation is based on the BestDay data science model. This model aims to estimate a Best Day capacity target using linear extrapolation of recent historical production and deferment data for any given asset.
The BestDay data science model can be configured to match client requirements. These are the configurable parameters:
The Local Evaluation window defines the rolling time-range where the regression analysis is carried out. Changing this parameter influences how conservative the capacity estimation becomes.
The Statistical Outlier Detection parameter is used to discard days violating defined statistical metrics. The sensitivity of the outlier detection is configurable.
Production constraints are configured to ensure the BestDay capacity isn't violating safe, reliable, and high-quality production. You can set these constraints according to your production hub. The model disqualifies dates where the production constraints are violated as input.
Predicting BestDay capacity
The BestDay data science model uses linear regression as a basis. The model ensures that the most recent historical data gets higher importance during training and that the predicted capacity values become an estimate of capacity at the highest performance instead of expected standard production. BestDay predicts capacity daily for the following day for every node in the production hierarchy.