TABLE OF CONTENTS

RULES
CASE
FIELD DESCRIPTION
PVT ANALYSIS
WELL TESTING REPORT

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RULES

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• The report and presentation are made based on the given data. Further additional information will
be informed to each team leader.
• The report and presentation are made based on PTK POD SKK Migas. That file is attached with
these following data. The important chapters that should be included are:
Chapter 1 Executive Summary
Chapter 2 Geological Findings and Reviews
Chapter 3 Reservoir Descriptions
Chapter 4 Reserve and Production Forecast
Chapter 5 Drilling and Completion
Chapter 6 Production Facilities
Chapter 7 Field Development Scenario
Chapter 8 Health and Safety Environment & Corporate Social Responsibility
Chapter 9 Abandonment & Site Restoration Plan
Chapter 10 Project Schedule & Organization
Chapter 11 Local Content / Tingkat Komponen Dalam Negeri
Chapter 12 Commercial
Chapter 13 Conclusion
Chapter 14 Attachments (Technical Supporting Data, Minutes of Meeting, Cost
Estimation, Spreadsheet Economic)
• Each team has to make a company name which represents the team. The name will be used in the
report and presentation.
• Please pay attention for the report and presentation submission date (already mentioned in
Invitation Letter).

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CASE

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An Indonesian oil and gas company purposes to expand its business overseas. V-field (Norway) is one
of its target. You are responsible for making a comprehensive field development plan (refer to PTK-
POD). The POD includes a minimum but not limited to:
1. Understanding of reservoir characterization, regional geology and uncertainties in the field;
2. Processing and analyzing appropriate data with scientific and engineering principles;
3. Selection of optimum development scenarios (number and location of wells, production and
transportation facility schemes, economics);
4. Selection of contract scheme (PSC Cost Recovery or Gross Split).

Note:
Using external data that can support the analysis are allowed by mentioning the reasons and justifications.

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FIELD DESCRIPTION

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V is a field in the central part of the North Sea. The water depth is 80 meters. V-field was
discovered in 1993. V-field produced oil from sandstone of Middle Jurassic age in the
Hugin Formation. The reservoir is at a depth of 2,700-3,100 meters. The western part of
the structure is heavily faulted and communication across the faults is uncertain.

Top Hugin Fm. In this well was encountered at 3015.6 m TVDRT and bottom at 3126.3 m
TVDRT. The test was planned and performed with 2 separately perforated zones 2A and
2B. 2A perforated and produced first, then 2A + 2B commingled.
1. Perforated interval Zone 2A; 3885.5 – 3888.5 m MDRT (3095.6-3098.3 m TVDRT)
2. Perforated Interval Zone 2B; 3826-3865 m MDRT (3041.9-3077.1 m TVDRT)

There was one exploration well that has been drilled in V-field. The field was developed
with a jack-up processing and drilling facility. Production on stream is planned in 2021.
The contract is expired at June 2041.
The oil was exported by tankers and the rich gas was transported to a facility for further
export.

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PVT ANALYSIS

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WELL TESTING REPORT

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FORMATION WATER COMPOTITION

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PRODUCTION DATA

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TRACE ELEMENT SAMPLING

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MAIN DATA

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COMPLETION, FORMATION, AND
RESERVOIR FLUID DATA

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ECONOMICS DATA

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• PSC split : after tax (15%)
• Tax : 40%
• FTP : 20% shareable
• Gas price : 5 USD/MMBTU (escalated 2% per year)
• Oil price : 65 USD/BBL
• Drilling cost : US$ 18 Million /well
• Gross Heating Value : using previous PVT analysis
• OPEX Gas : US$ 0.6 / MMSCF
• OPEX Oil : US$ 15 / bbl
• MARR : 20%
• Sunk Cost
(Exploration drilling, etc): 50 Million USD
• Surface Facility cost : US$ 0.85 Million/MMSCFD or US$ 6,000 / bfpd
(Please make the details if necessary)
• Pipeline cost : USD 100,000 /Km/inch
• Tanker Cost : US$ 0.28 /bbl/day
• Compressor : 1,500 USD / HP
• Workover Cost : US$ 1,000,000
• Injection Pump : US$ 200,000
• Local Content : 60%
• Status : POD I, New Frontier Offshore

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GOOD LUCK!