D-34

Project Overview

Project Name: D-34 Oil Project
Location: Specify the geographical location where the project is situated. This could include the country, region, and exact coordinates.
Ownership: Identify the companies or entities involved in the project, including their ownership percentages and roles (e.g., operator, partners).

Project Initiation: The date when the project was first proposed or initiated.
Key Milestones:
- Dates of significant events such as the start of construction, major approvals, and any notable delays or setbacks.
- For example, the Trans Mountain Pipeline project has a detailed timeline including approval dates, construction starts, and operational milestones.

Reservoir Characteristics:
- Depth and extent of the oil reservoir.
- Type of oil (light, heavy, sour, sweet).
- Estimated reserves and recoverable resources.
Production Profile:
- Initial production rate and expected peak production.
- Production profile phases (buildup, plateau, decline) and the expected duration of each phase.
Infrastructure:
- Details about the wells, including the number of production wells, injection wells, and any workover schedules.
- Pipeline and transportation infrastructure, if applicable.

Production Capacity: The daily or annual production capacity of the project.
Transportation and Storage: How the oil will be transported (pipelines, tankers, etc.) and stored.
Refining and Processing: If the project includes refining or processing facilities, describe their capacity and capabilities.

Environmental Impact: Any environmental assessments or studies conducted, and measures taken to mitigate environmental impacts.
Safety Measures: Safety protocols and emergency response plans in place, such as spill prevention and response strategies.

Investment and Costs: The total investment in the project and the estimated costs associated with its development and operation.
Employment and Local Benefits: The number of jobs created, both direct and indirect, and any local economic benefits or community development initiatives.
Revenue and Economic Contribution: The expected revenue from the project and its contribution to the local or national economy.

Regulatory Approvals: List the regulatory bodies involved and the approvals obtained.
Compliance: Details on how the project complies with local and national regulations, including any conditions or stipulations attached to the approvals.

Expansion Plans: Any plans for expanding the project, including increasing production capacity or exploring adjacent fields.
Technological Innovations: Any innovative technologies or practices that will be implemented to improve efficiency, reduce costs, or minimize environmental impact.

Here is an example of how this information could be structured for the D-34 oil project:

Project Initiation: 2015
Key Milestones:
- 2018: Environmental impact assessment completed.
- 2020: Construction began.
- 2022: First oil production.
- 2023: Peak production achieved.

Reservoir Characteristics:
- Depth: 2,500 meters
- Type of Oil: Light sweet crude
- Estimated Reserves: 500 million barrels
Production Profile:
- Initial Production Rate: 20,000 b/d
- Expected Peak Production: 50,000 b/d
- Production Phases: Buildup (2 years), Plateau (5 years), Decline (10 years)
Infrastructure:
- 10 production wells, 2 injection wells
- 50 km pipeline to the nearest terminal

Production Capacity: 50,000 b/d
Transportation and Storage: Oil transported via pipeline to the XYZ Terminal for storage and loading onto tankers.
Refining and Processing: No on-site refining; oil sent to ABC Refinery for processing.

Environmental Impact: Environmental assessment conducted in 2018; measures include habitat restoration and spill prevention plans.
Safety Measures: Emergency response plan in place, including regular drills and training for personnel.

Investment and Costs: Total investment $1.5 billion; estimated operational costs $500 million per year.
Employment and Local Benefits: Created 500 direct jobs and 1,000 indirect jobs; local community development initiatives include education and healthcare programs.
Revenue and Economic Contribution: Expected annual revenue $2 billion; contributes 5% to the national GDP.

Regulatory Approvals: Approved by the National Energy Regulator in 2020 with 20 conditions.
Compliance: Complies with all local and national regulations; regular audits and inspections conducted.

Expansion Plans: Plans to increase production capacity by 20% by 2025 through additional wells and infrastructure upgrades.
Technological Innovations: Implementing advanced drilling technologies and real-time monitoring systems to improve efficiency and reduce environmental impact.