● Upstream · FDP Field Development Petroleum Economics 2005 — 2006

Plan of Development —
twin adjacent fields

Integrated Field Development Plan covering subsurface characterization, drilling sequence, facility scoping, and economic analysis for two adjacent fields — from recoverable volume estimates to final investment decision support.

2
Fields in scope
POD
Deliverable type
Full
Integrated scope

From discovery to development decision

A Plan of Development bridges the gap between discovery and first production — translating subsurface data into an investment case that partners, regulators, and management can evaluate and approve.

This engagement covered two adjacent fields simultaneously, allowing shared infrastructure assumptions and joint-development scenarios to be evaluated against standalone development options.

  • Subsurface characterization & volumetrics
  • Reserves estimation & uncertainty analysis
  • Drilling program design & sequencing
  • Facility concept selection & scoping
  • Production profile forecasting
  • Petroleum economics & sensitivities

Integrated subsurface-to-economics workflow

The POD was built on an integrated workflow that started with subsurface uncertainty ranges (P90/P50/P10 reservoir volumes) and carried those ranges through to economic outcomes — ensuring that the final investment case reflected the full range of geological risk, not just a single deterministic estimate.

Key outputs included development sequencing recommendations, a phased drilling program that minimized early capital exposure, and a shared infrastructure scenario comparing joint vs. standalone development economics for the two fields.

Investment-ready development plan

The completed POD package provided the operator with a defensible investment case covering recoverable volumes, development costs, production profiles, and economic returns across multiple scenarios. The document structure followed industry-standard POD requirements for regulatory submission and partner alignment.