Professional Services / Subsurface

Field Development Planning

Determining the optimum way to develop and produce from an oil or gas field in a manner that successfully balances risks, uncertainty and value to stakeholders, has always been a challenge to those of us in the oil and gas industry. This is especially true during times of price volatility.

A Field Development Plan (FDP) provides the best technical solution and roadmap for optimising the development and production of a field. FDP studies provide the necessary guidance and information for establishing whether or not a project is economic considering all possible development project options, risks and uncertainties in order to define the most optimal development concept. TARGET has an experienced FDP team, capable completing a full FDP project or providing support during its different phases. TARGET has developed a set of unique workflows to ensure the most appropriate FDP decision is made.

TARGET apply the knowledge of discipline experts to review operations and create an integrated, decision-based Field Development Plan that outlines the optimal recovery mechanism and infrastructure configuration of wells and facilities that will maximise recovery from the field while adequately addressing the management of uncertainty in the field.  Our MEERA Platform is used to manage FDP data to avoid any unnecessary time losses at start of the project and to utilise all the data in the FDP process.

TARGET’s overall objective is to deliver the FDP and/or an integrated Area Development Plan (ADP) that will help to secure and deliver the reserves and resources currently identified in the station’s fields, whilst identifying and maturing additional opportunities to drive fields towards achieving top quartile recovery factors and maximising overall economic value. Plans are underpinned by up-to-date static and dynamic models incorporating all available subsurface, surface, operational and historical data, providing a robust interpretation of the subsurface, as well as consistent analysis/evaluation of the historical performance of the fields. These models become the tools to support appraisal, development, operational and reservoir management decision-making, replacing the current set of field models. Our philosophy on a project is placed within its regional framework to ensure consistency and improve accuracy, using MEERA to manage FDP data and integration with engineering disciplines to incorporate and honour those data influenced or controlled by geologic factors, thereby discriminating between reservoir-valid and reservoir-invalid information, maintain objectivity and provide unbiased, data-based analyses.