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intermediatepetroleum
Field Development Planning
Building on Reservoir Fundamentals and Prospect Evaluation and Risking, learn how a discovery becomes a sanctioned development: appraising to narrow the range, choosing a depletion strategy and well count, sketching a production profile, selecting a development concept, and costing it through to NPV, IRR, payback and a Final Investment Decision. Short videos, interactive labs, quizzes and a synthetic case study that takes Prospect Ada's discovery to an FID recommendation prepare you to explain field development in a graduate interview and contribute in an assessment-centre group exercise.
4-5 hours9 sections20 lessons
Course Content
Section 1: 00 - Introduction
1 lessons
Section 2: 01 - Appraisal
2 lessons
Section 3: 02 - The Subsurface Plan
2 lessons
Section 4: 03 - Production Profiles
2 lessons
Section 5: 04 - Development Concepts
3 lessons
Section 6: 05 - Costs and Schedule
2 lessons
Section 7: 06 - Economics and FID
2 lessons
Section 8: 07 - Risks and Stakeholders
2 lessons
What You'll Learn
- Explain the field life-cycle and the stage gates from discovery to the Final Investment Decision (Appraise, Select, Define, Execute, Operate), and how contingent resources (1C/2C/3C) become reserves (1P/2P/3P)
- Design an appraisal programme that targets the uncertainties that matter, and use value of information to decide when to stop appraising
- Choose a depletion strategy and well count from the drive mechanism, recognising pressure maintenance and diminishing returns per well
- Sketch a production profile — build-up, plateau and decline (quoted as first-year effective decline + b) — and relate plateau rate, facility size and EUR
- Compare development concepts from onshore/swamp flow stations to deepwater FPSOs, including tie-back vs standalone, gas handling without routine flaring and produced water
- Read development economics (CAPEX, OPEX, ABEX, NPV10, IRR, payback, break-even price, tornado), weigh risks and Nigerian stakeholders, and argue an FID recommendation