SYSTEM AND METHOD FOR REAL-TIME MONITORING AND OPTIMIZING OPERATION OF CONNECTED OIL AND GAS WELLS

It is important to know the flow rates of oil and gas from individual wells in connected oil and gas wells. The existing methods for multiphase flow measurement are prohibitively expensive and used infrequently. The system is configured to ingest real-time and non-real-time data from a plurality of well data sources. Utilizing this data, a plurality of physics-guided data-driven well surveillance models run in real-time for forecasting a plurality of parameters including the flow rates of oil, gas and brine from individual wells, computing the health of well assets and performing fault detection and localization in well assets. The system is also configured to automatically compose a well performance optimization problem based on the current performance of the wells and health of well assets and solve the problem to identify optimal process settings for improving the operation of connected oil and gas wells.