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@wikipedia


A Business Asset operating in Upstream branch of Oil & Gas Industry.


The key operational Product of Petroleum Asset is commercial petroleum delivered to the point of the Custody Transfer.

Additionally, Petroleum Asset can sell other Products, usually various petroleum Services.


The key Fixed Assets of Petroleum Asset are: 

Economical Asset which is a primary subject of Exploration & Production comprising of:

The typical structure is:

...

Production

Manager

...

Exploration

Manager

...

FDP

Manager

...

Finance

Manager

...

HR

Manager

...

IT

Manager

...

QHSE

Manager

...

Supply Chain

Manager

Subsurface management

Surface management

Subsurface

Surface

Subsurface planning

Surface planning

...

Planning

Accounting

...

Recruiting

Regulations

...

Telecom

Databases

...

QA/QC

HSE

...

Production Drilling

Monitoring Drilling

Workover

Core analysis

PVT analysis

Well Testing

...

CMS

Production gathering

Injection system

Fluid supply

Waste Utilization

...

Exploration Drilling

Logging

Well Testing

...

Tenders

Contracts


The Petroleum Fields is the centre point of the Petroleum Asset which constitute foundation for Subsurface facilities and Surface facilities.

The usual practise is to create Field Development Plan for each and run operations along it.

The governments may impose different restrictions, recommendations and regulations on when and how the Petroleum Asset should build the Field Development Plan and then monitor the compliance.


Petroleum Asset Summary provides a high level review of the Petroleum Asset (usually with breakdown by Petroleum Fields) which comprises the minimum number of inputs to assess its profitability and potential capital value.

Petroleum Asset is run by Petroleum Asset Team in the interest of Asset owners.


See also

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Business / Business Administration / Financial Management / Business Asset

Petroleum Industry (Oil & Gas Industry) / Upstream

Petroleum Asset Summary ] [ Petroleum Asset Team ]

...

Well & Reservoir Management

Production Study & Modelling

Well & Reservoir Surveillance

Nodal Analysis

...

Core analysis

PVT analysis

Exploration Modelling

...

Surface

Economics

...