... Abstract Uncertainties in reservoir connectivity and compartmentalization risk are important considerations when thinking about any new field appraisal or development options. Having a better understanding of reservoir connectivity provides benefits in determining the appropriate drainage...

... team production forecast assumption accountability appraisal production performance basic data investigation single point shortfall production attainment forecast upstream oil & gas original forecast independent project analysis reservoir data society of petroleum engineers...

... Abstract The Chestnut field, discovered in 1986, is located in license block 22/2a in the UK Central North Sea. The reservoir is a high quality, deepwater sandstone in the Eocene-age Nauchlan Formation. Appraisal drilling confirmed a complex sand distribution and constrained volumes of ca.30...

... of study was planned to coincide with further appraisal and bringing some of the reservoirs onto production. After five years of study and simultaneously three years of development and two years of production from a "Phase 1" project, a Phase 2 production and miscible gas injection development has been...

... uncertainty when considering any new field appraisal or development options. Having a better understanding of reservoir connectivity provides significant benefits in optimising the field development plan. By the application of a new wireless telemetry technology, it is now possible to cost effectively gather...

... Abstract Two common challenges in the appraisal of deeper prospects in deepwater are, the selection of the overall strategy -campaign or sequential, and justification of any individual activity in this high cost environment. Both require objective assessment of the Value of Information. When...

... value, some of which are known in the industry as "real options analysis" (ROA) methods. The Banff taxonomy of asset valuation methods forward price market analysis discounting financial market appraisal upstream oil & gas asset cash-flow banking & finance risk adjustment energy...

... is of an oil field in the final year of its development lease, where there is an option to sanction development immediately, or to appraise or wait for another year and decide then between development or abandonment. At sanction, there is a production capacity choice to be made, and after sanction...

... Abstract Successful exploration, efficient appraisal, and profitable extraction are the three phases of any E&P project; each in turn is dependent upon the prior. However, efficient appraisal of newly discovered resources sets the stage for maximizing project profitability and managing risk...

... Abstract This paper presents a conceptual study to evaluate the effectiveness of injection tests for the collection of dynamic reservoir data during project appraisals. A 2-D xy numerical model was built using representative field data to simulate the process and pressure response during...

... 71426 income stream asset and portfolio management upstream oil & gas appraisal market sale investor dividend adjustment wacc banking & finance oil property recovery real estate payout cost-of-capital whence cometh income consideration Introduction Evaluators of oil...

... Abstract The oil industry regularly applies decision tree analysis for the evaluation of single decisions involving discrete uncertainty. Decision processes, such as the evaluation of appraisal drilling or a flexible oilfield development, that require the resolution of continuous uncertainty...

... Abstract The "value of information" (VOI) concept can be applied to subsurface appraisal in petroleum exploration and production to provide an auditable, consistent criterion for justification of such activity. Based on this concept the "value" of subsurface appraisal can be defined...

... monitoring production control valorem tax survey county operator drillstem testing calculation ad valorem tax overview assessment ratio tax assessment ad valorem tax spe 26390 drillstem/well testing oil and gas appraisal severance tax appraiser reservoir surveillance millage rate dcf...

... projection economic condition Project economics borrower FMV ROR fair market value regulation oil price reserves replacement Upstream Oil & Gas capital future net revenue Revenue appraisal Society of Petroleum Engineers of A/ME 6200 N. Central Expwy. Dallas, Tex. 75206 sPAPER NUMBER p E...

... appraisal coal heatingvalue producea combustiblega coal seam gas outletborehole borehole shaftlessmethod productga underground coal gasification SOCIETY OF PETROLEUM ENGINEERS OF AIME 6200 North Central Expressway Dallas, Texas 75206 THIS IS A PREPRINT SUBJECT TO CORRECTION =~R SPE 4522...