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- W2024975024 abstract "Abstract The future of the offshore oil/gas industry in the UKCS faces a growing number of challenges. Not least of these are the technical complexity of the reservoirs currently available for development, and their lower recoverable reserves. Current exploration and production efforts are concentrating on either stand alone small/marginal fields or brown field developments, exploiting hitherto untapped reserves near to existing facilities. Technical advancements are playing their role in enhancing the ability of operators to reduce development costs. The greatest constraint on extracting the maximum value of these reserves is, however, the field development process. This constraints can only be overcome by introducing new business and engineering processes which are focused on achieving both the goals of the operator and of the field development contractor. An integrated field development contractor, with access to key technology, personnel, and equipment, can assist in the enhancement of the value of these small/marginal fields by structuring the development process such that it provides the optimal balance between cash flow, Net Present Value (NPV), and risk." @default.
- W2024975024 created "2016-06-24" @default.
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- W2024975024 date "1997-09-09" @default.
- W2024975024 modified "2023-09-25" @default.
- W2024975024 title "Integrating Parallel Engineering with Phased Field Development in order to Balance Cash Flow, Net Present Value, and Risk" @default.
- W2024975024 doi "https://doi.org/10.2118/38490-ms" @default.
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