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Smarter
Predico Software’s AFA simultaneously integrates state-of-the-art DCA, Flowing Material Balance (FMB), Rate Transient Analysis (RTA), and multiphase tank models. We even provide options to integrate advanced data science or machine learning (ML) algorithms. Never before have you had such a suite of tools at your fingertips. Beyond forecasting, AFA is an enabling technology for reservoir and production optimization systems and automation of engineering decisions. Smarter.
Faster
In extensive recently completed trials, a global energy company based in Australia, demonstrated that Predico’s AFA enabled them to analyze wells 10 to 300 times faster than their traditional models. AFA is the only tool that can simultaneously evaluate thousands of wells in real time. Faster.
Easier
Predico’s AFA is fully automated, cloud- based and highly intuitive. AFA easily interfaces with your current economics package. While the technology is highly sophisticated, the tool is easy to use. Easier.
Company Profile
Founded in 2020, Predico Software Pty Ltd (Predico) focuses on developing advanced software solutions for the oil and gas industry.
Predico’s flagship product, Advanced Flow Analytics (AFA™), is a cloud-based, real-time Software as a Service (SaaS) solution built on Agile software development principles. Our commitment to Agile methodology enables us to deliver software solutions efficiently, respond swiftly to market dynamics, and tackle challenges effectively. Through close collaboration with our clients, we utilize an iterative approach that fosters rapid feedback and adaptability, ensuring our software aligns with their specific needs. This process is designed to automate complex workflows, engineering calculations, and visual data interpretations at scale—without compromising on quality.
World Oil Awards Finalist
In 2022, Predico (formerly denoted as Fossilytics) was given Finalist status with the World Oil award for Digital Technology, in the category for “Best Data Management & Application Solution Award“. Predico was the only Australian company to be considered in the key areas.
