Field development planning through FEL process

Business planning & feasibility FEL 01

TUC provides an integrated, multidisciplinary rapid assessment and field development plan to improve economic value. We use powerful thinking and creative solutions to unlock value in the assess / business planning phase (FEL 0-1).

Initial assessment
  • Our subject matter experts can quickly analyze the data, using a holistic approach with rapid integration of multidiscipline workflows.
  • We honor analysis of technical uncertainties that need addressing early to reduce the risks; conducting assessment of commercial value and strategic project drivers.
Development on certainty
  • Integration of technical, commercial and strategic approach to field development plan.
  • Decision Quality (DQ) framework to de-bias the assessments.
  • Reserves estimation, production profiling and de-risking reservoir uncertainty.
  • Cost estimation, scheduling to first production and risk mitigation activities.
  • Economic modelling, and sensitivity analysis techniques.
Improve value
  • Best development plan to minimize risk and maximize value.
  • Recommendations on implementation of the development plan.
  • Collaboration with clients on the planned next steps.

Concept select FEL 2

TUC’s approach to concept selection is founded on a process based upon feasibility analysis, value added and dialogue with our clients.

Concept select (FEL 2)
  • Reflects the iterative nature and high level of uncertainty of development at such an early stage in a project’s life cycle.
  • facilitation of framing workshop.
  • Identification of tier 1 decisions.
  • Techniques to evaluate and rank client and partner value drivers.
  • Evaluation of concepts both technically and economically against a backdrop of uncertainty.
  • Sustainable CAPEX evaluation of concepts (reverse economics).
  • sensitivity analysis to evaluate concept robustness to key uncertainties.
  • Trade off analysis based on client value drivers.
  • Facilitation of risk and concept select workshops.

Concept definition FEL 3

TUC’s approach to concept definition honor client’s value driver and value – risk analysis.

Concept definition (FEL 3)
  • Work scope shaped by contracting strategy.
  • further definition of the selected concept(s).
  • increased focus on tier 2 decisions.
  • embedding parent knowledge and know how.