Term Paper on Oil Field Development Plan

Oil field development plan is a document that is aimed at the detailed planning of discovery and intensive development of the definite oil field. Naturally, every company that produces oil should create a good plan that will help it organize the processes of discovery, extraction and production of oil in the effective manner. First, a company tries to find a smart investor who will donate money into the extraction and production of oil on the definite territory. Obviously, it is quite easy to find an investor, but still executives of a company should persuade him to share his money with them. A good development plan should illustrate the whole process of oil field development, production of oil, etc. in the step-by-step way illustrating all expenditures, profit and loss and all major points about this definite oil field. The first parts of this development plan should contain information about the selected oil field and its potential.

Of course, a group of specialists should study the most optimal way of oil field development, pay attention to all peculiarities of this case and think about several alternative approaches towards this issue. This plan should contain numerous acts and documents that provide company with the permission to develop the chosen oil field and to extract oil on this territory. The company will need to demonstrate methods and expectations about its activity and the process of oil production. Finally, every development plan will need to contain information about the methods that will be used to maintain the quality of extraction of oil and the quality of oil fields.

Oil field development plan is a good topic for analysis for everyone who studies management and business as his major subjects.

It is important to observe this topic in detail in order to understand the manner of writing of oil field development plans of all kinds. Naturally, students will need to focus on the main components of oil field development plans, their structures, types, etc. One should illustrate the manner of writing of this plan, its importance for business and about various obstacles that can prevent one from the successful presentation of this document. A good term paper should cover the topic from all sides and demonstrate to professor student’s point of view about this problem.

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