A specific study in Petroleum Production with a focus on prioritising production development and maintenance procedures based on their expected NPV / PI value.
In its simple form it can be thought as a spreadsheet with production development and maintenance procedures sorted out by a simple descending filter so that highest NPV / PI values are at the top of the list.
Selection of production development and maintenance procedures is based on either:
Depending on application (long-term MDP, short-term FDP, routine WRM etc) the Investment Planning metrics and workflow may vary.
See Also
Petroleum Industry / Upstream / Production
[ Field Development Planning ] [ Well & Reservoir Management ]