Oil & Gas Field Development Planning (FDP) and

Field Development Modeling (FDM)

Probabilistic, PetroVR-Based Field Development Plans and Models — Notional to Ready-to-Sanction — for Onshore and Offshore Oil & Gas Fields, Worldwide

Assign your company's oil & gas field development planning and modeling challenges to A&A, and let the high-level, seasoned consultants of the A&A Consulting Team build the robust, defensible FDP/FDM that your decision-makers can act on.

The A&A Consulting Team of high-level and seasoned consultants is available to assist our clients in oil & gas field development planning (FDP) for operational and strategic decision-making throughout the different stages of field life, including acreage acquisition, exploration, appraisal, and development.

Field development planning (FDP) is a critical task, representing a complex problem that depends on many factors subject to uncertainties inherent in the estimation process — such as subsurface geology, reservoir and fluid properties, rock and fluid interactions, well-type and surface-equipment specifications, surface pipeline network, topside processing capacity, regional export infrastructure, and economic criteria.

Due to the complexity of the problem, many majors and independents face challenges when attempting to build a dynamic FDP model capable of conveniently incorporating new information in a short time, and of keeping pace with the project's analysis cycle.

Building a robust FDP model faces many challenges, none of which are fully resolved, and it remains an ongoing concern in the industry, as it poses significant risk in conceptual FDP selection and, consequently, in capital investment decisions.

PetroVR: A State-of-the-Art FDP/FDM Decision-Support Tool

The A&A Consulting Team has the expertise and experience to build FDP models that help oil & gas company decision-makers make well-informed business decisions and achieve their business objectives. To build FDP models, the A&A Consulting Team uses PetroVR — a state-of-the-art field-development decision-support software platform (now part of Quorum Software's Aucerna Planning, Economics & Reserves suite) — which enables:

• Fully Probabilistic Assessment: Generating a fully probabilistic assessment of conceptual field development, integrating subsurface geological uncertainties with operational and economic uncertainties

• Automated Yet Flexible Workflows: Highly automated, but flexible enough for customized studies of specific issues, and for conveniently incorporating new information in a very short time

• Systematic Risk Assessment: Providing a systematic approach to help assess business outcomes and risks, and building a framework to better quantify key uncertainties

• Flexible Reservoir & Well Performance Inputs: Reservoir and well performance can be internally estimated, formulated with parameters, or imported directly from simulation

• Full-Cycle Economic Analysis: Providing full-cycle economic analysis, and promoting interdisciplinary teamwork

• Rapid Update Capability: Quickly and conveniently incorporating new understanding of reservoir and well performance, changes in development planning and schedules, and economic criteria

Types of FDP/FDM Studies

The A&A Consulting Team will be delighted to design customized field development plans (FDP) for your company's oil & gas fields, whether located onshore or offshore (shallow water or deepwater). The scope and depth of each study will depend on the available data and the current status of the field, and could include:

• Notional FDP: A conceptual-level plan appropriate where field data availability is limited

• Ready-to-Sanction FDP: A mature, investment-grade plan for fields where significant appraisal activity has already been conducted

• Optimized FDP: Optimization of your company's current FDP to enhance reserves and production through infill and field-extension wells

• Conceptual FDM: A conceptual field development planning model, with risk and uncertainty modeling

What's in Your FDP/FDM Report

The depth and breadth of the A&A Consulting Team's technical and economic expertise is reflected in a comprehensive report of our investigation of your field development planning/modeling (FDP/FDM) project. The report is customized to meet your company's requirements and, depending on the amount and type of project data provided to us for investigation, will generally include the following:

1. Executive Summary

2. Introduction

2.1 Development Summary

2.2 Location and Field Area

2.3 Equity and Stockholders

2.4 Applicable Regulatory Laws and Lease Conditions

3. Subsurface Description

3.1 Introduction

3.2 History of Discovery and Appraisal

3.3 Stratigraphy and Reservoir Description

3.4 Seismic Interpretation

3.5 Petrophysical Interpretation

3.6 Reservoir Mapping / 3D Reservoir Modeling

3.7 Deterministic Hydrocarbons Initially-in-Place (HIIP, OIIP, and OGIP)

3.8 Probabilistic Hydrocarbons Initially-in-Place

3.8.1 Unrisked HIIP (OIIP and OGIP)

3.8.2 Risked HIIP (OIIP and OGIP)

4. Subsurface Development Plan

4.1 Fluid and Rock Properties

4.2 Development Scenarios and Well Count

4.3 Reservoir Simulation

4.3.1 Reference Case

4.3.2 Sensitivities

4.4 Technical Recovery and Range

4.4.1 Deterministic

4.4.2 Probabilistic

4.5 Production Profiles

4.6 Subsurface Risk and Uncertainty Mitigation

4.7 Reservoir Management and Surveillance Plan

5. Project Economics

5.1 Drilling and Completion Costs

5.2 Facilities Cost

5.3 Economic Assumptions

5.4 Economic Analysis and Sensitivities

6. Field Development Modeling (FDM) with Risk and Uncertainty Modeling

6.1 Building/setting up a full Field Development Model (FDM) using state-of-the-art software (PetroVR) that provides modules for field development planning (FDP) under uncertainty, and a post-processing economic module flexible enough to model a wide range of dependencies

6.2 Economic Evaluation with Uncertainty Analysis (PEEP), a widely used petroleum economic evaluation and risk-analysis software tool

Whenever requested, the A&A Consulting Team will be delighted to present the results of our investigation and the customized Field Development Plan/Model (FDP/FDM) for your company's oil & gas field — not only to your company's management, but also to your company's equity partners, financial institutions, and/or the appropriate regulatory authorities — for their approval, and to answer any questions that they may have about the customized FDP/FDM.

In addition, whenever requested, the A&A Consulting Team will be delighted to conduct customized training workshops on designing field development plans (FDP), and on building/setting up field development models (FDM), for unconventional or conventional oil & gas fields, onshore or offshore, for the benefit of your company's professionals and managers, at your company's offices, around the world.

Related A&A Service: For AI-accelerated reservoir simulation, Surrogate Reservoir Model (SRM) proxies, and probabilistic (P10/P50/P90) decision-grade analysis, please see A&A's Decision-Grade Reservoir Simulation-Driven Field Development Planning (FDP) Studies page.

To put the high-level, seasoned consultants, subject matter experts (SMEs), of the A&A Consulting Team to work on your company's challenging onshore or offshore field development planning (FDP) and field development modeling (FDM) projects, around the world, please contact us.

Contact: +1-281-359-2674 or send us an e-mail