Field Development & Optimisation

Greenfield

Field development and optimisation requires a comprehensive understanding of the challenges that lie ahead. In a green field context, the challenge is to come up with suitable plans for developing the assets that can maximise their return on investment and ensure that the projects can be executed as efficiently as possible, both in terms of time and money.

Brownfield

The challenges faced in a brown field context are generally around setting up a structure for analysis that allows diverse alternative development strategies to be compared against each other. This allows a portfolio of alternatives to be defined and assessed and those that deliver most value adopted.

When an oil company considers how to develop a prospect, the first issue to address is what depletion strategy is appropriate for the field? This could be anything from natural depletion to full reservoir pressure support. Understanding the range of possible depletion strategies is crucial, especially in determining what it means in terms of the overall strategy.