Clustering Based Oil Production Rate Forecasting Using Dynamic Time Warping With Univariate Time Series Data

Prasetyo, Joko and Setiawan, Noor Akhmad and Adji, Teguh Bharata (2021) Clustering Based Oil Production Rate Forecasting Using Dynamic Time Warping With Univariate Time Series Data. In: 2021 International Conference on Advanced Mechatronics, Intelligent Manufacture and Industrial Automation (ICAMIMIA), 8-9 December 2021, Surabaya.

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Abstract

forecasting oil production rate from oil well have become focused in many researches. Many papers have presented the successful forecasting for individual well production rate. However single model for each well may not be effective for large oilfield which has hundreds or thousands of wells. In this situation, deploying clustering model prior forecasting might be the solution. Due to different historical data per each well in form of time-series data, dynamic time warping being proposed to deliver searching for minimum distance between each time-series data with different time-point. Reducing number of models definitely might impact model accuracy (56 of datasets have higher error), however it has benefit on less complex of model deployment. © 2021 IEEE.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Cited by: 1
Uncontrolled Keywords: Forecasting; Neural networks; Oil wells; Clusterings; Dynamic time warping; Higher order neural network; Oil production forecast; Oil-production; Oil-production rates; Production forecasts; Time-series data; Times series; Univariate time series; Time series
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Faculty of Engineering > Electronics Engineering Department
Depositing User: Sri JUNANDI
Date Deposited: 28 Oct 2024 03:02
Last Modified: 28 Oct 2024 03:02
URI: https://ir.lib.ugm.ac.id/id/eprint/8557

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