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The key principles of Field Development Planning are based on the following proxy equation:
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\Delta { \rm Cash } = R_{HC} \cdot J_{HC} \cdot \left( p_e - p_{wf} \right) - { \rm Cost } |
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The total field productivity index can be approximated by:
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J_{HC} = N \cdot k \cdot h \cdot K |
where
| number of producers | ||||
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| effective formation thickness | ||||
| productivity multiplier based on |
| well-reservoir contact |
The actual economics of petroleum production is more complicated than equation equations
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The digital petroleum asset twins are capable to accurately simulate the holistic process of discounted cash flow generation from production activities and associated Financial Investment Metrics but it takes many more parameters than equation equations
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See Also
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Petroleum Industry / Upstream / Production
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