Petroleum Reservoir Projects
1. Whether the identification of ‘a suitable project idea’ is regarded as a critical step in a petroleum reservoir project preparation?
Does it require an imagination sensitivity to socio-environmental changes and the realistic assessment of - whether - what exactly an oil industry could do?
To what extent, the concept of ‘getting into the right business @ right time’ holds good in petroleum reservoir projects?
While a project has both promise as well as risk, as on date, whether identifying the investment opportunities in petroleum reservoir projects remain feasible and promising?
2. How easy would it remain to turn a ‘suitable project idea’ to be designated as an ‘identified problem’?
3. Whether the kind of intervention required for any given oil field – be formed and developed with ease?
Feasible to get managed with the experts or specialists from the same firm?
How does an oil firm manage to deal with a new (and not the latest) technological aspect – despite having expertise on oil demand by markets as well as consumers; and with the details on proven/proved/probable resources?
In the absence of a possible new technology, whether the ‘project idea’ would remain devoid of the maximum number of possible alternatives?
[Because, the project idea is probably not about the oil owner’s capacity or competence but it is all about the feasibility of maximizing the residual oil mobility; and in turn, it’s associated profitability. Well, at the end of the day, it could be the oil owner who dictates - the result of ‘developed idea’ - depending on whether the cost-benefit relationship remains favorable for him/her or not].
Would it remain justified for a petroleum engineer, if the oil owner prefers a minimum investment; truncated degree of competence; project to be completed in the shortest possible time while having the highest return potential – in the absence of providing scope for possible new technologies?
Whether such project ideas could remain to be really SMART [Specific objective – Measurable – Achievable – Realistic and Time bounded]?
4. To what extent, micro-level and macro-level sources of project ideas – associated with a petroleum reservoir remain ‘efficient’ – following Paris agreement?
[For example, following Paris agreement, the directions the government should take to mitigate the fossil fuel dependence – would significantly hamper the generation of new ideas for new oil/gas discoveries/exploration/production @ macro-level, while the performance of that concerned oil firm may come down @ micro-level].
5. While monitoring the business environment, to what extent, a technological sector could be monitored efficiently by an oil firm – albeit its peak performance in economic, supplier, competition, socio-demographic and government sectors?