The Field Development Planning Toolbox

Opportunity Framing

To align a project team at the start of a development, and make sure that team members, decision makers and stakeholders have the same understanding of the aim, constraints and options for the project. Deliverables are:

• Opportunity Statement
• Value Drivers
• Stakeholders
• Risks and Opportunities
• Roadmap

Risk Assessment and Management

To learn how to manage risks and opportunities during all phases of the opportunity lifecycle. Deliverables are:

• Risk Assessment
• Risk Register
• Risk Management Process
• Updating the Risk Assessment during the project lifecycle

Technical Assurance and Quality Control

To ensure project team staff are qualified for the work they do and that all work is checked to prevent mistakes. Deliverables are:

• Key Deliverables
• Write/Check/Approve
• Quality Plan
• Individual Competence
• Technical Authority Levels
• Ensuring Quality of Key Deliverables

Concept Identification

To ensure that all possible technical concepts are identified, to show the range of outcomes for a range of subsurface uncertainties and determine feasibility of the project. Deliverables are:

• Subsurface uncertainties
• Uncertainty range and realizations
• Surface decisions
• Decision options
• Screening criteria
• Feasibility

Contracting Strategy

To determine what project scope will be contracted out, how the contracts will be bundled, the project management organization and the management of contract interfaces. Deliverables are:

• Activity matrix for the project
• Alternative strategies and SWOT analysis
• Proposed strategy, management and interfaces
• List of contracts to be tendered and their value

Cost Estimation and Economics

To build an estimate of the project costs, understand the range of cost uncertainty, and screen and rank the project economics against company financial targets. Deliverables and input are:

• Cost Data required
• Cost Estimate buildup
• Contingency, accuracy band, project management
• Economic indicators: NPV, Payback, Cash Sink
• Screening against company targets
• Ranking in Portfolio
• Robustness against uncertainties

Concept Selection

To compare a shortlist of concepts, select the preferred concept and assess the robustness of the preferred concept in the face of the remaining subsurface uncertainties. Deliverables are:

• Decision Criteria
• Decision Quality for each Key Decision
• The Preferred Concept
• ‘What if’ analysis for remaining uncertainties
• List of supporting decisions for later

Contract Tactics

To review the contracting market capabilities, both local and overseas, and decide how to tender, award, reimburse, and manage each contract scope. Deliverables are:

• Market Analysis
• Contractor/Client view of each scope
• Tender Tactics for each contract
• Payment Schedule and Incentives
• Local Content
• Contracting Activity Plan