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Specific production strategy which Petroleum Asset Team is following including annual schedule and budget allocation on:
| Economics | NPV and Annual P&L schedule | |
|---|---|---|
| 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 | |
| Well drilling | Quantity/Types (producers, injectors, observers) and completion strategy | |
| Workovers | Selection/Types/Frequency | Production planning|
| Average and/or individual targets (producers, injectors) | Surveillance | Selection/Types/Frequency |
| Studies | Selection/Types/Frequency | |
| Recommendations | Financial, logistical, operational and technological |
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For the newly explored field the FDP is based on primary exploration data package and booked reserves and called Master Development Plan (MDP).
Multi-year production may reveal the need to revise FDP for various reasons:
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