ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,261, issued on Aug. 5, was assigned to Cenovus Energy Inc. (Calgary, Canada).
"Apparatus and method for oil production forecasting" was invented by Amos Ben-Zvi (Calgary, Canada), Seyide Hunyinbo (Calgary, Canada), Juliana Y. Leung (Calgary, Canada) and Prince Azom (Calgary, Canada).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for forecasting oil production from an oil well in a geological formation includes receiving a plurality of sets of predicted geological data, for each of the plurality of sets of predicted geological data, determining a probability for the predicted geological data of the formation, iteratively selectin...