GLOSSARY

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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 RDP which are summarised in Field Development Planning Discipline. 


See also

Petroleum Industry / Upstream /  Production

Subsurface E&P Disciplines / Field Development Planning 

[ Nodal Analysis ] [  Master Development Plan (MDP)]

[ Reserves-to-production Ratio (RPR) ]