25.01.2015 Views

Mr. Erik Milito - The House Committee on Natural Resources ...

Mr. Erik Milito - The House Committee on Natural Resources ...

Mr. Erik Milito - The House Committee on Natural Resources ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

www.woodmac.com<br />

Methodology<br />

Access Scenario - OCS/ANWR – Modeling Process<br />

• Using existing field models as analogues, generic models were created in GEM for each field size:<br />

75 mmboe, 400 mmboe, 700 mmboe, 1,500 mmboe<br />

• Producti<strong>on</strong> streams were adjusted to account for varying gas-oil ratios across regi<strong>on</strong>s<br />

• Capital and operating costs were adjusted to account for differences in operating envir<strong>on</strong>ments. (e.g.<br />

drilling CAPEX was lowered in Pacific OCS fields to account for shallower water depth). See<br />

Appendix for details <strong>on</strong> cost assumpti<strong>on</strong>s<br />

• Using these regi<strong>on</strong>-specific field files and development forecasts, aggregate drilling and producti<strong>on</strong><br />

schedules were compiled for each regi<strong>on</strong><br />

© Wood Mackenzie 8<br />

Delivering commercial insight

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!