In a field development study, the reserves consultant predicts
future performance of a reservoir under specified constraints tied
to an optimal development plan recommended by the consultant.
Typically, the consultant initially conducts a screening study of
the field(s). The culmination of this work identifies, recommends
and prioritizes potential target reservoirs for further study and
possible development. After the consulting firm conclusively
identifies one or more potentially favorable candidates, it
estimates future recoveries in a base case chosen by the client and
prepares associated cash flows.
Our forecast scenario cases, which include optimal development
plans, are presented on a summarized basis with detailed tables for
individual wells available in an easily accessible
digital/electronic format. Those forecast scenarios may include
potential recompletion candidates, infill or extension drilling —
including vertical and/or horizontal wells— water injection or
tertiary recovery and field facility/operating constraints. Our
field development plans also provide guidelines for proper
development and implementation. Atacan Energy identifies
field-development life cycles and recommends operational strategies
to maximize rates of return and minimize overdevelopment. A major
tool to guide field development planning is dynamic reservoir
modeling.
Client input on the availability of drilling rigs and workover
equipment is considered so that we can realistically model future
prediction cases, including infill or extension drilling. The
forecast time steps required for an optimal development plan will
depend on specific requirements provided by the client, but is not
expected to last more than 30 years, a widely used duration for
field life. Our multidisciplinary team members prepare integrated
field development studies by blending their skills in a seamless
network. Disciplines range from geology to reservoir engineering to
final project economics. Integrating those disciplines allows the
project to proceed effectively, with each expert having data access
and input into the field development study.
