Definition of the Day – Oil & Gas Life Cycle “Development”

Field DEVELOPMENT planning in the initial phase could involve the assessment of more than one development option.  Four components of a Development plan can be used to describe each option:

Reservoir:

  • number, location, type of wells;
  • assessment of oil recovery mechanism;
  • assessment of production over the development stage

Wells:

  • the design of wells to meet production requirements

Facilities:

  • process facilities
  • infrastructure
  • terminal/export facilities

Operating and Maintenance strategies:

  • manning level
  • daily production level
  • support requirements, for ex. helicopters, supply vessels

Development