AN EMPIRICAL APPROACH ON LABOUR COSTS FOR OIL FIELD DEVELOPMENT PLANNING

Authors

  • Herlan Adim Research and Development Centre for Oil and Gas Technology "LEMIGAS"

DOI:

https://doi.org/10.29017/SCOG.25.1.1061

Keywords:

Empirical Approach, Oil Field, Development

Abstract

In planning the development of an oil reservoir, the guidelines should be the annual production targets for a five-year period and for the year when development is scheduled to reach its peak. The production targets must be coordinated with the planned development of the oil industry as a whole. The planned oil production targets for the industry as a whole must be apportioned between different oil-bearing areas and different fields within an area. The development plan for each field should ensure the most efficient production, i.e, at the lowest possible cost. The recommended procedure is first to have a wide grid of wells so as to get a better idea of the reservoir and to finalise the spacing of the planned wells.

References

Muravyov, R. et al., 1962 : Development and Exploitation of Oil and Gas Field, Peace Publishers

Moscow

Newendrop, P.D.,Campbell, J.M.,1970 : Decision

Methods For Petroleum Investment (Second Edition), J.M.Campbell and Company, Norman, Oklahoma.

Van Poolen, H.K., Douglas Patton, L., 1977 : Economic Analysis Exploration and Production, H.K.

van Poolen and Associates Inc.

Le Leuch, H., 1981 : An Introduction to Petroleum

Exploration and Production Economics, BEICIP.

Megill, J., : An Introduction to Exploration Economics, The Petroleum Publishing Company, Tulsa,

Oklahoma.

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Issue

Vol. 25 No. 1 (2002)

Section

Articles

License

Copyright (c) 1970 SCIENTIFIC CONTRIBUTIONS OIL AND GAS (SCOG)

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