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Multi-year
production may reveal the need to revise
FDP for various reasons:
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- Changes in market conditions (hydrocarbon price volatility, production cost variations, changes in facility, transportation and service logistics, appearance of new service technologies)
- Changes in corporate economics (variation in corporate discount rate, variation of liability)
- Changes in Petroleum Asset reserves structure or well/reservoir behaviour revealed during the execution of previous FDP
- Logistical mistakes of the previous FDP
- Deviations from previous FDP during production period which had a bulk adverse effect on the Petroleum Asset performance
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There are basic regulations and guidelines on building MDP and building FDP which are summarized in Field Development Planning Discipline.
See also
Petroleum Industry / Upstream / Production
Subsurface E&P Disciplines / Field Development Planning
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