Integrated Field Development Studies
A reserves consultant forecasts future performance of a reservoir given defined limitations linked to an optimum development plan suggested by the consultant in a field development study.
Typically, the consultant performs a screening study of the field first (s). This effort culminates in the identification, recommendation, and prioritisation of prospective target reservoirs for future research and eventual development.
After clearly identifying one or more potentially attractive candidates, the consulting company predicts future recoveries in a base scenario selected by the customer and produces related cash flows.
Our forecast scenario scenarios, which include optimum development plans, are given in a summary manner, with comprehensive tables for each wells available in a digital/electronic format that is readily accessible. Potential recompletion prospects, infill or extension drilling — including
- vertical and/or horizontal wells
- water injection or tertiary recovery
- field facility/operational limitations are among the projected possibilities.
In addition, our field development plans provide recommendations for appropriate development and execution. Ryder Scott analyses field-development life cycles and suggests operational methods to optimise rates of return while minimising overdevelopment. Dynamic reservoir modelling is an important tool for guiding field development plans.
Client input on the availability of drilling rigs and workover equipment is taken into account so that future prediction scenarios, such as infill or extension drilling, may be accurately modelled. The projected time steps needed for an optimum development plan will depend on particular client needs, although it is not intended to endure more than 30 years, a commonly used length for field life.
By combining their talents in a seamless network, our interdisciplinary team members produce comprehensive field development studies. Geology, reservoir engineering, and project economics are all disciplines. Integrating various disciplines enables the project to go forward more efficiently, with each expert having access to data and input into the field development research.