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Specific production strategy which  Production Strategy which Petroleum Asset Team is following including annual schedule and , budget allocation and reccomendations on:

Economics
NPV and Annual P&L schedule
Recovery MethodsSelecting the recovery strategy
Production planningAverage and/or individual targets (producers, injectors)
Subsurface facilitiesQuantity/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
Data AcquisitionSelection/Types/Frequency
Field StudiesSelection/Types/Frequency
RecommendationsWell & Reservoir ManagementFinancial, logistical, operational and technological

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Excerpt
  • 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



There are basic regulations and guidelines on building MDP and building FDP which are summarized in FDP subsurface discipline. 


See also


Petroleum Industry / Upstream /  Production

Field Development Planning (Subsurface Discipline) ]