Application of BP Neural Network in Oil Field Production Prediction

Abstract

This paper introduces a new Neural Network model which is suitable for oil production prediction with training parameter set. From the comparison between prediction of oil production and real production, the precision of prediction meets the requirements quite well. In addition, this new model offers better self-adaptive ability and can be used in multi-cycle and multi-descending production forecast. In general, BP Neural Network is an ideal mean for oil production prediction.