System and method for production forecasting and uses thereof

A system comprising:

• one or more computing platforms configured to:
• receive multiphase data comprising production data and pressure data;
• upscale the multiphase data to produce upscaled multiphase data;
• segment upscaled production data of the upscaled multiphase data to provide segmented production datasets based on segmentation criteria, the segmentation criteria being provided based on upscaled pressure data of the upscaled multiphase data;
• and
• predict a future production of the one or more wells based on a decline curve analysis (DCA) and the segmented production datasets.

A system comprising:

• a tool comprising:
• a data upscaler to:
• receive multiphase data comprising production data and pressure data;
• upscale the multiphase data to produce upscaled multiphase data;
• a production data segmenter to segment upscaled production data of the upscaled multiphase data to provide segmented production datasets based on segmentation criteria, the segmentation criteria being provided based on upscaled pressure data of the upscaled multiphase data;
• and
• a production forecasting engine to predict a future production of the one or more wells based on a decline curve analysis (DCA) and the segmented production datasets.