Field Development Plan - Oil and Gas

Effective field development planning in the initial stages of a project is crucial for uncovering its inherent value and, subsequently, bringing that value to fruition. Field development planning of the highest calibre serves a dual purpose - it bridges the gap between the identification/assessment and selection stages of project development, and also facilitates a holistic strategy that encompasses a broad range of disciplines, including subsurface studies, well and production technology specialities, surface facilities engineering, and operations. In several jurisdictions, a detailed Field Development Plan is a necessity as it provides regulators with ample opportunities and substantial information to comprehend the field and its prospective development, ensuring transparency and adherence to regulations.

At EPConsult Energies (EP), we stand at the forefront of Field Development Plan formulation, providing our clients with exceptional support through specialised expertise in diverse areas or a fully integrated team of accomplished oil and gas professionals. Our team collaborates intimately with clients to create a comprehensive development plan, deploying tested, state-of-the-art approaches, methodologies, and tools.

Developing a successful Field Development Plan involves:

Data Collection, Scope Definition, and Demarcation of Development Planning: Establishing the parameters and scale of planning through rigorous data gathering and scope definition.
Interpretation of 2D/3D Seismic Data and Reserves Estimation: The analysis of seismic data, geological modelling, and reservoir simulation for accurate reserves estimation.
Production Profiles and Engineering Strategy Development: Formulating production profiles and associated engineering strategies for enhanced oil recovery.
Opportunity Framing Workshops: Facilitating sessions to identify and frame potential development opportunities.
Front-End Studies and Layout Planning: Conducting initial studies for field layout plans, encompassing well placement, surface facilities, export infrastructure, and logistics.
Risk Register Development: Crafting a comprehensive risk register to anticipate and mitigate potential challenges.
Conceptual Engineering Performance: Undertaking conceptual engineering to design and plan project infrastructure.
Compliance with Petroleum Policies: Ensuring the field development plan aligns with the country's Petroleum Policy.
Stakeholder Engagement: Involving relevant stakeholders in high-level project planning and opportunity framing.
Project Execution Planning: Developing a robust Project Execution Plan that includes a strategic contracting approach.
Development Schedule Preparation: Outlining a detailed development timeline for seamless project execution.
Financial Planning: Performing capital expenditure (CAPEX), operational expenditure (OPEX) analysis, and project economics.
Asset Acquisition and Divestment Support: Assisting in matters related to asset acquisition, divestment considerations, and valuation.

Our multifaceted approach ensures we cover all bases in the journey of field development planning, paving the way for optimal project outcomes.
EP takes pride in being a trusted partner in ensuring the successful launch of energy ventures for our diverse clientele, which ranges from small independent oil enterprises to medium-sized and major national oil corporations. With a team comprising experts from various disciplines, we offer comprehensive field implementation planning that caters to both offshore and onshore developments. Our distinctive approach melds our consulting expertise seamlessly with our clients' objectives, prioritising an integrative methodology to development engineering that fosters success and growth.

Contact us at enquiries@ep-consult.co.uk for a personalised consultation. Your success is our commitment!