Field development

Our integrated team can help you arrive at an optimal development solution, by investigating a large range of alternative development plans. The procedure uses consistent methodology and efficient work processes to carefully select and quality control the data input, integrated simulation model runs and the results.

Field development projects are complex with a large number of options. Using IPRISKfield in combination with well and forecast, an unlimited number of options can be effectively analysed and ranked within a short period of time by a small dedicated team. The IPRES consultants can handle a combination of producing fields, discoveries and prospects that need to be seen in relation within an area plan. Exploration risk, multiple geological interpretations and reservoir drainage strategies, existing and new infrastructure, regularity of process and transport, capacity constraints and uncertainties in flow-rates, costs, timing, etc., can be analysed. Combining this with options for commercial and fiscal issues, we can give decision support through all the important steps toward a full scale field development plan approved by the corporate management and government bodies.


Key types of projects within field development are:

  • Single or multiple assets: prospects, discoveries and producing fields
  • Alternative reservoir and depletion strategies
  • Well number/type screening and optimisation
  • Concept screening and optimisation: onshore and offshore
  • Tie-in or independent
  • Alternative commercial strategies
  • Fiscal regime impact on project economy
  • Reserve and resource forecasting and management
  • Single field project optimisation and/or portfolio analysis



 

Case example