Specific production strategy which Petroleum Asset Team is following.
The following period of production may reveal the need to revise FDP for various reasons:
- The changes in market conditions (hydrocarbon price volatility, production cost variations, appearance of new service technologies)
- The change in corporate economics (variation in corporate discount rate, variation of liability)
- The change in asset reserves structure or well/reservoir behaviour revealed during the execution of previous FDP
- Logistical mistakes of the previous FDP
- Deviations from previous FDP
Content
| (1) | \rm RF = \frac{Q_{OIL}}{V_{STOIIP}} = E_D \, E_S = E_D \, E_{SV} \, E_{SH} |
| (2) | \rm WIR = \frac{Q_{OIL}}{Q_{INJ}} |
| (3) | \rm ROI_{WF} = \frac{Cashin_{Q_{OIL}}}{Cashout_{Q_{INJ}}} = WIR \cdot \frac{Cashin[ \text{1 bbl oil]}}{Cashout[\text{1 bbl water injection}]} |