Specific production strategy which Petroleum Asset Team is following including annual schedule and budget allocation on:
Economics | NPV and Annual P&L schedule |
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Recovery Methods | Selecting the recovery strategy |
Production planning | Average and/or individual targets (producers, injectors) |
Subsurface facilities | Quantity/Types (producers, injectors, observers) and completion strategy |
Surface facilities | Capacity and tech spec of metering, production gathering, injection, water supply, on-site fluid processing, pipelines and utilization |
Workovers | Selection/Types/Frequency |
Surveillance | Selection/Types/Frequency |
Studies | Selection/Types/Frequency |
Recommendations | Financial, logistical, operational and technological |
For the newly explored field the FDP is based on primary exploration data package and booked reserves and called Master Development Plan (MDP).
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There are basic regulations and guidelines on building MDP and building FDP which are summarized in FDP subsurface discipline.
Petroleum Industry / Upstream / Production