SELECT

SELECT  is the most important phase in which single concept will be selected from range of commercial concepts narrowed in Feasibility Report in the ASSESS phase.
 

Select phase is characterized by convergent thinking. Key deliverables are:

  1. Concept Report

  2. Field Development Plan (FDP)

  3. Asset Reference Plan (ARP) -Preliminary

  4. Operations philosophy

  5. Project Execution Strategy

  6. Contracting Strategy

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  1. CONCEPT REPORT

    • Its the best concept for subsurface, wells and surface

    • It documents the philosophy behind the details of selected concept

    • As compared to FDP, CSR focuses on the concept of project and basis of FEED

  2. FIELD DEVELOPMENT PLAN 

    • Status & history of exploration & appraisal

    • Seismic interpretation defining structure, and faults

    • Static geological models (Petrel); defining all geological features

    • Detailed well concepts and completions design and well engineering

    • Upscaled Dynamic models  detailing subsurface developments

    • Summary of proposed development options; including current and proposed phases

      • Well count, well type, well spacing, primary, secondary & tertiary recovery

    •  Estimation of prospective resource, contingent resource and reserves

    • CAPEX, OPEX  and schedule estimates at appropriate level

    • Economic analysis; Assumptions (oil prices); WACC, NPV, VIR IRR

    • Risk assessment and management plan

    • Summary of selected concept

    • FOR MORE INFORMATION PLEASE CONTACT US