| Title |
Description |
| Context |
The purpose of an E&A strategy is twofold: 1.) Reduce subsurface uncertainty to determine sufficient economic volumes and range for an investible opportunity, and; 2.) Reducing the range of uncertainty by acquiring quality data to support early development decision making E&A Planning starts prior to drilling the Exploration well and is refreshed after discovery (or failure). Failure to properly plan the appraisal activities required to prove up a commercial discovery causes longer schedules to First Oil, and data gaps that cause large cost overruns in Define & Execute, leading to significant loss of value. The E&A strategy therefore is directed at collecting the required Basic Data to support robust Front End Loading. |
| Activity |
Using the Exploration Planning for Success in Exploration toolkit, develop an Exploration and Appraisal De-risking strategy, including success criteria and exit points. Build a roadmap of exploration and appraisal activities together with required Basic Data that will address the ranked uncertainty list supporting high level economic evaluation. Define the range of subsurface outcomes that the exploration or appraisal activity will address. Update the Exploration and Appraisal Strategy post-discovery as needed. |
| Purpose |
To ensure exploration and appraisal activities address key uncertainties and risks in the most efficient and timely way and provide a roadmap of activities that is responsive to the different information obtained as these activities are performed. |
| Requirements from other Standards |
None |
| Evidence recorded in |
Early Development Assessment |
| Accountability for meeting Control Intent |
Front End Development Manager |
| Phase |
IDENTIFY |
