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Integrated Field Development Planning and its Value Chain
January 23 @ 11:45 am - 2:30 pm
$40.00 – $70.00
Society of Petroleum Engineers Western Australia is proud to present the details of our January 2024 SPE WA Lunch Time Technical Meeting.
About the Presentation
An Integrated Field Development Planning (IFDP) is mainly defined as a subsurface and surface journey to select and execute the best development scenario for a field to maximize economic value and overall recovery of the asset. The maturation process of an IFDP consists of Framing (identify the opportunity), Front-End-Loading (FEL), Execution (authorisation), Operated and Evaluate and lastly the Abandonment. Each stage of the process can be viewed as “live cycle” and respective value and cost target be re-evaluated. This is to ensure that the IFDP cycle is meant for Value Creation (‘Doing the Right Project’) and for the Value Realisation (‘Doing the Project Right’),furthermore, to ensure the opportunity still holds business value and relevant process remains aligned with the objectives and industry outlook.
A comprehensive IFDP must deliver (but not limited to) Subsurface Characteristics, Recoverable Reserve (range), Depletion Plan, Emission Reduction Plan, Facilities and Flow Assurance Plan, Risk and Mitigation Plan, HSE Plan, Sales and Commercial Plan and Abandonment Plan. In recent years, the Carbon Sequestration/Storage plan has also become an integral part of IFDP. Key Stakeholders of IFDP must be known and categorised based on their interest and involvements, and responsibilities in the process. The two important categories of stakeholders are ones who have high interest (economically/commercially) in the project and those who will have voice, concern or opinions (environmentally etc…).
This talk will cover key value drivers and steps for a successful Integrated Fidel development Planning (IFDP) and in context of techno-commerciality objectives of the maturation process.
About the Speaker
Ali Sabzabadi is a Chartered Petroleum Engineer, with 24 years of experience in the oil and gas industry working on and leading the delivery of field development planning for mature/green oil & gas fields, and implementing improved oil recovery (IOR) and enhanced Oil Recovery (EOR) techniques. He has published and presented several papers in technical conferences and journals (IPTC, OTC, APOGCE, SPE EOR Conferences).
Ali Sabzabadi is a graduate of the Imperial College of London where he studied Masters in Engineering (MEng) in Petroleum Engineering and member of the UK Engineering Council.
In his free time, Ali enjoys Scuba Diving, biking, and spending time with his family.
About the Event
Price: Early Bird SPE Member $40 <Until 19 Jan 2024>
Early Bird Non-Member $60 <Until 19 Jan 2024>
SPE Member $50
Non-Member $70
Date: Tuesday, 23 January 2024
Location: Parmelia Hilton Hotel
Location: 14 Mill Street, Perth WA 6000
Time: 11:45am – 12:00pm Registration & Networking.
Time: 12:00pm – 12:45pm Opening remarks and presentation.
Time: 12:45pm – 1:00pm Q&A Session.
Time: 1:00pm – 2:30 pm Networking drinks & nibbles.
Free tickets are available for Students. SPE WA in conjunction with our sponsors is kindly sponsoring students to attend the monthly technical events. Please apply through your Student Chapter.
