Predico

What Predico does

Predico Software Pty Ltd is an Australian private software company founded in 2020 and headquartered in Brisbane that builds Advanced Flow Analytics (AFA™), a cloud-based SaaS platform combining physics-based reservoir engineering analytics with data science to automate production forecasting, decline curve analysis, rate transient analysis, flowing material balance, and multiphase tank modeling for oil, gas, and coal seam gas (CSG) operators. The platform is delivered as a unified core product with modular add-ons — autoDecline & Ratio Methods, autoRTA & autoFMB, Multiphase Tank Models, Automation & Group Runs, and a Machine Learning module — and exposes an API for data ingestion. AFA is reported to evaluate thousands of wells simultaneously and deliver 150–300x cycle-time improvements versus manual workflows, with a documented pilot of approximately 120 wells in the Cooper Basin and an Australia Pacific LNG (APLNG) deployment that evaluated 1,000 CSG wells in one week.

The company monetizes through quote-based annual enterprise SaaS subscriptions via a sales-led go-to-market (direct enterprise field sales, demos, and free trials) and offers free academic licenses to accredited institutions worldwide. It serves oil and gas operators and CSG companies with named enterprise customers including APLNG, a Cooper Basin operator, and a Global Energy Company in Australia; a Joint Industry Project led by Professor Chris Clarkson of the University of Calgary is developing commercial multiphase CSG RTA tools. The firm employs 11–50 people, is led by founder/CTO Colin Jordan and interim CEO Bruce Marion, achieved ISO 27001 certification in September 2025, and was a 2022 World Oil Awards finalist (then operating as Fossilytics before rebranding in September 2022 to signal expansion into carbon capture and storage, hydrogen storage, and geothermal modeling).

Name

Predico

Legal name

Predico Software Pty Ltd

Website

https://predico.com.au

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Predico is an Australian software company that provides Advanced Flow Analytics (AFA), a cloud-based SaaS platform combining physics-based analytics with data science to automate reservoir forecasting and well analysis for oil, gas, and coal seam gas operators globally.

Ownership category

akta.pro rank

Product category

Reservoir Analytics Software (Upstream Oil & Gas)

SIC

Services-Prepackaged Software (7372), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

• Reservoir analytics software
• Production forecasting
• Decline curve analysis
• Rate transient analysis
• Coal seam gas modeling

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription - Advanced Flow Analytics (AFA): Cloud-based Software-as-a-Service subscription model providing access to the AFA platform. Delivered as SaaS with no installation required, including all updates and features.
2. Academic License: Free academic licenses for accredited educational institutions, faculty members, researchers, and students for non-commercial academic purposes including teaching, learning, and research.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Predico sells Advanced Flow Analytics (AFA), a cloud-based SaaS platform that combines physics-based analytics with data science to automate advanced reservoir forecasting and well/reservoir performance analysis for oil, gas, and coal seam gas (CSG) operators. The platform includes automated modules for decline curve analysis, rate transient analysis, flowing material balance, multiphase tank modelling, batch group runs, and optional machine learning, and is sold to enterprise upstream oil and gas companies via subscription, with a parallel free academic licensing program.

Product overview

Predico offers Advanced Flow Analytics (AFA™), a cloud-based SaaS platform that combines physics-based analytics with data science to automate reservoir forecasting for oil, gas, and coal seam gas (CSG) assets. The platform consists of a unified core system with multiple integrated modules including autoDecline & Ratio Methods (for automated decline curve analysis and water-oil ratio analysis), autoRTA & autoFMB (for autonomous rate transient analysis and flowing material balance), Multiphase Tank Models (for CSG tank model analysis), Automation & Group Runs (for batch processing), and a Machine Learning module (for advanced data science integration). AFA enables simultaneous analysis of thousands of wells in real-time, achieving 150-300x improvement in cycle time compared to manual processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Advanced Flow Analytics (AFA) Cloud-based SaaS subscription platform that combines physics-based analytics with data science to automate advanced reservoir forecasting, well/reservoir performance analysis, decline curve analysis, rate transient analysis, flowing material balance, multiphase tank modelling, batch group runs, and optional machine learning. Sold to enterprise oil, gas, and CSG operators on an annual, quote-based subscription, with no installation required and continuous updates.
• Predico Academic Program Free full-featured access to the Advanced Flow Analytics (AFA) platform for accredited educational institutions, faculty members, researchers, and students, intended for non-commercial academic purposes including teaching, learning, and research, with collaboration and co-publication opportunities with Predico.
• autoRTA Version 2.0.0 Major v2.0.0 release of Predico's autonomous data-driven Rate Transient Analysis (RTA) module inside the AFA platform, providing comprehensive reservoir flow parameters (permeability, skin, drainage area/reserves) for both conventional and unconventional wells and serving as the integrated RTA engine available to enterprise AFA subscribers.

Quantifiable outcome

• Analysis time reduced from 52 weeks of man-hours to minutes in Cooper Basin pilot
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core and minor.

• University of Calgary - Professor Chris ClarksoncoreStrategic or Co-development PartnerProfessor Chris Clarkson serves as PI of Tight Oil Consortium and co-PI of Transitional Energy Consortium at University of Calgary. He leads the Joint Industry Project (JIP) for CSG multiphase tools, addressing the lack of commercial multiphase CSG RTA tools.
• Academic Institutions WorldwideminorOthersPredico offers its flagship forecasting platform AFA to academic institutions at no cost through the Predico Academic Program. Designed for teaching and research with full-featured access and opportunities for collaboration and co-publication.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Emerson (Roxar): Emerson's Roxar reservoir management software (e.g., RMS, Tempest) targets reservoir modeling and uncertainty workflows for operators. A broad incumbent with overlapping reservoir-analytics buyer relationships.
• Halliburton Landmark: Halliburton's Landmark DecisionSpace suite provides reservoir characterization, simulation and production analytics for E&P operators. Comparable buyer base to Predico but at much broader scope and scale.
• Computer Modelling Group (CMG): CMG (STARS, IMEX, GEM) is a long-established reservoir simulation vendor serving oil & gas operators worldwide. CMG competes more on full-physics simulation than on automated analytics, but overlaps with Predico at the reservoir-forecasting buyer level.
• Schlumberger (SLB): SLB's Petrel, Eclipse and INTERSECT platforms define the enterprise geoscience and reservoir simulation stack. Predico competes at a narrower analytics layer but faces SLB as a deeply embedded incumbent with bundled offerings to operators.

Direct peers

• Tachyus: Tachyus builds data-driven reservoir analytics and production optimization software combining physics-based models with ML — closely aligned with AFA's stated architecture and AI/ML positioning for upstream operators.
• Petroleum Experts (Petex): Petex's MBAL, PROSPER and IPM suite covers material balance, well performance and integrated production modeling — directly overlapping with AFA's forecasting, RTA, FMB and multiphase tank workflows for oil, gas and CSG assets.
• KAPPA Engineering: KAPPA offers Saphir (RTA), Topaze (multiphase RTA) and Rubis (FMB), the most widely adopted commercial RTA/FMB tools for reservoir engineers. Predico's autoRTA, autoFMB and Multiphase Tank Models target the same workflows and buyer persona, making KAPPA the closest direct competitor.
• Whitson: Whitson provides RTA, PVT and decline curve analysis software (e.g., whitson RTA, aRTA) used by reservoir engineers in conventional and unconventional plays. Overlaps directly with Predico's autoRTA, autoFMB and autoDecline modules.
• Aucerna: Aucerna provides production data management and decline-curve / type-well analytics for upstream operators, with overlapping use cases to AFA's autoDecline, Rollup and group-run workflows. Now operating within the broader energy-software ecosystem.

Emerging players

• Rock Flow Dynamics: Rock Flow Dynamics' tNavigator is a modern, ML-enabled reservoir simulator gaining traction with operators seeking faster, more flexible alternatives to legacy simulators. Adjacent to AFA's analytics focus but emerging as a faster-cycle competitor in the same reservoir-engineering workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@predico-software
• LinkedInlinkedin.com/company/predico-software

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Predico