... operation management pertamina hulu mahakam strategic planning and management upstream oil & gas mahakam contract area innovation development project water depth design optimization mahakam enhancing economics mature mahakam field development portfolio installation resource development...

... classification abandonment process assessment field development optimization and planning cash flow asia pacific year 15 NPV asset and portfolio management reserves evaluation abandonment cost operation PRM abandonment field life reservoir development project incremental development Artificial...

... users acceptable and hence easy to implement. From the in-house dashboard development project in OIL and its successful implementation, it shows that In-house IT development has an edge over outsourced development in the following fronts: More Effective Tool: In case of an in-house...

... (known as SKK Migas) is responsible for developing upstream oil and gas projects as part of its main function in terms of maximizing national oil and gas production. This paper presents our experience, as a government agency, in managing all upstream oil and gas development projects in Indonesia...

... the development project economics using multistage scenario tree. A solid model needs to be built and tested using Monte Carlo simulation to generate the drilling and facilities costs. Thus, the model will result simulated economic indicators which will limit of maximum allowable project cost for each reserve...

... drilling rig to install a Light Weight Structure (LWS) platform. The LWS platform is part of a Cluster Development Project, which is the second marginal field to be developed by the tripartite alliance in Malaysian waters. In view of the small reserves and sub-surface uncertainties, as well as many other...

... Prospective Storage Capacity is that storage volume estimated, as of a given date, to be potentially available in unverified sub-surface formations to future development projects. Prospective Storage Capacity has both an associated chance of discovery and a chance of development. Prospective Storage Capacity...

... petroleum resources require different evaluation and development techniques and have their own uncertainty characteristics which can affect reserves booking. The scale of development projects may also be very different for 1P, 2P and 3P reserves categories and consequently each of these may require...

... Abstract Maturing remaining undeveloped oil reserves into robust profitable development projects while aiming to achieve significant reduction in the unit technical costs are the key challenges facing the further development of mature oil fields in Brunei. Rising costs and flat oil prices have...