1 / 17

WORK PROGRAMME COMMITMENT STRATEGIES AND TRENDS Dr.V.K.Rao

WORK PROGRAMME COMMITMENT STRATEGIES AND TRENDS Dr.V.K.Rao. BID EVALUATION CRITERIA. *No score advantage for short duration. MANDATORY AND OPTIONAL ACTIVITY. LEGEND: OL & SO : ONLAND AND SHALLOW OFFSHORE DW : DEEP WATER. ACTIVITY. TYPES OF WORK PROGRAMME.

vera
Download Presentation

WORK PROGRAMME COMMITMENT STRATEGIES AND TRENDS Dr.V.K.Rao

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WORK PROGRAMME COMMITMENT STRATEGIESAND TRENDS Dr.V.K.Rao

  2. BID EVALUATION CRITERIA *No score advantage for short duration

  3. MANDATORY AND OPTIONAL ACTIVITY LEGEND: OL & SO : ONLAND AND SHALLOW OFFSHORE DW : DEEP WATER

  4. ACTIVITY TYPES OF WORK PROGRAMME

  5. CALCULATION OF SCORE FOR WORK PROGRAMME COMMITMENT *Score is capped

  6. CALCULATION OF SCORE POINTS FOR EXPLORATORY DRILLING OF WELLS (For all phases) **Multiplying Factor for Bathymetry for Deep water blocks

  7. TECHNICAL ASSESSMENT • A brief writeup on Regional geology and geologic set up of the Block • Structure contour maps/Time maps at identified horizons • Prospects/Leads mapped • Their areal extent • Prospective horizons • Envisaged Petroleum Systems • Reservoir evaluations • Reserves estimates with probability analysis • Geological modelling perceived • POS and Risk analysis • Anticipated geological uncertainities and risks • Anticipated subsurface pressures • Prospect Ranking (Qualitative)

  8. COMPANY WORK A B C D RE –PROCESSING 2D DATA 500(5) 500(5) 500(5) 1000(10) 2D (LKM) API 500(25) 1000(50) 500(25) 500(25) 3D (Sq.Km) API 100(50) 100(50) 100(50) 100(50) EXPLORATORY WELLS(.) AND DEPTH 2000 (1) (20) 2000 (1) (20) - - TOTAL INCLUDING Technical assessment (SCORE) 103 127 82 86 WORK PROGRAMME COMMITMENT FOR PHASE-I (Onland block)

  9. COMPANY WORK A B C D II III II III II III II III EXPLORATORY WELLS (.) AND DEPTH 2500 (2) 2000 (2) 2000 (3) 2000 (2) 2500 (2) 2500 (2) 2000 (2) 2000 (3) TOTAL SCORE 52.5 42.0 66.0 42.0 52.5 52.5 42.0 66.0 WORK PROGRAMME COMMITMENTS PHASE II & III(Onland Block)

  10. COMPUTATION METHODOLOGY OF BID SCORE (For the onland block)

  11. STRATEGY PARAMETERS • Regional Geology and Exploration history • Area of the block ,Logistics & topography • Seismic grid and coverage available • Vintage and quality • Wells information in the block and around it • Geological modeling Contd.

  12. STRATEGY PARAMETERS (Contd.) • Prospects and Leads Prognosed • Hydrocarbon volumes estimated • Risk analysis and POS • Balancing act in totality of exploration • Investments vis-a –vis work programme • Technoeconomic scenerios evolved • Marry it with fiscal strategy • Competition perceived • “Out of Box” Thinking

  13. TRENDS TO BE SEEN WHILE MAKING BIDS: • WORK PROGRAMME OF WINNING BIDS IN THE PREVIOUS ROUNDS IN THE ADJACENT BLOCKS • STATUS OF PROGRESS OF WORK TO DATE IN THESE BLOCKS • ACQUIRING KNOWLEDGE PARTNERS • VISION • STRATEGIC ALLIANCES AND GLOBAL PARTNERS • CREATING PARTNERSHIPS

  14. STRATEGIES :POINTS TO PONDER • Remember that the TWT/Structure maps of DGH can be broadly taken as ‘feelers’or” teasers” • It is in the interest of bidder to construct his own maps and assess the sanctity of interpretation or improve/change as per the interpretative skills and geologic perceptions • Similarly, the hydrocarbon estimations for the block are one of the critical parameters to aid arrive at a management decision. This aspect is critical as the production profiles are drawn for the field life, economics are worked out and finally the economics of business

  15. STRATEGIES:POINTS TO PONDERContd. • Strategies can be block specific, area specific and sometimes competitor specific • Know the socio-economic and political climate of the region • Since no ring fencing provision exists in PSC, strategies can be formulated for different blocks bid judiciously with a good mix of risk-reward perceptions • Partnerships:remember it is >quarter century relationship • Visionary outlook and Business ambitions

  16. SOME ADAPTABLE POINTS IN WORK PROGRAMME IMPLEMENTATION & HOLDING AREA • Any additional work programme over and above the committed work programme is mostly welcome with the approval of competent committee . • Equivalent 3D Data API in lieu of 2D Seismic Data API committed. • Increase in number of wells with shallower depths based on prospectivity of mapped horizons in lieu of deeper wells committed. • Retention of greater area at the end of each phase based on discoveries made and reservoir limits established. • Allocation of additional area based on demonstrated Reservior limits subject to its availability. • An appraisal programme at the end of Exploration period of 7 or 8 years could be given an extension of 18 months(onland & shallow offshore) or 30 months(Deepwater) with the approval of Competent authority.

  17. THANK YOU & Good Luck

More Related