Still today over 90% of field development plans fail to fully predict reservoir behavior, resulting in expensive retro fits of the infrastructure, the introduction of unforeseen well expenditure, and the implementation of secondary recovery mechanisms late in the phase. The economic impact with project over runs on any development plan affects the bottom line dramatically.
This situation can be addressed by looking at all components of the development plan, by modeling the passage of hydrocarbons from the pore throat in the reservoir to the sand face of the well, up through the completions and into the network and all the way to the gathering facility.
In this presentation, we will look at how all these elements are managed, fully risked with uncertainty loops, and passed through multiple development scenarios to understand both the returns and the costs of each program.
