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Specific production strategy which  Production Strategy which Petroleum Asset Team is following including annual activity schedule and , budget allocation and recommendations on:

Investment targets
Economics

NPV and Annual P&L schedule
Production targetsGross Field and/or individual flowrate targets (producers and injectors)
HSESpecific set of safety instructions towards a particular FDP
Recovery MethodsSelecting the recovery strategy
Subsurface facilitiesQuantity/Types (producers, injectors, observers) and completion strategy
Surface facilities
capacity

Capacity and tech spec of metering, production gathering, injection, water supply, on-site fluid processing,

utilizations and

pipelines

Well drillingquantity and types (producers, injectors, observers) and completion strategyWorkovers quantity and types Production planningAverage and/or individual targets (producers, injectors)Surveillancequantity and types
Studiesquantity and types Recommendations

and utilisation

Data AcquisitionSelection/Types/Frequency
Field StudiesSelection/Types/Frequency
Well & Reservoir ManagementFinancial
financial
, logistical, operational and technological
activities towards executing Production targets and HSE


For the
The newly explored field field the FDP is based on the primary exploration data package and booked reserves and called Master Development Plan (MDP).


Multi-year 
production may reveal the need to revise FDP for various reasons:


Excerpt
  • Changes in market conditions (hydrocarbon price volatility, production cost variations, changes in facility, transportation and service logistics, appearance of new service technologies)

  • Changes in corporate economics (variation in corporate discount rate, variation of liability)

  • Changes in Petroleum Asset reserves structure or well/reservoir behaviour revealed during the execution of previous FDP

  • Logistical mistakes of the previous FDP

  • Deviations from previous FDP during production period which had a bulk adverse effect on the Petroleum Asset performance


thus leading to the new
FDP called Redevelopment Plan (RDP).


There are basic regulations and guidelines on
building MDP and building FDPRDP which are summarized in Field Development Planning Discipline

See also


Petroleum Industry / Upstream /  Production / Field Development Planning 
[ Subsurface E&P Disciplines ]
Nodal Analysis ] [  Master Development Plan (MDP)]