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ASSET DEPLETION PLAN
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documents current understanding of the asset
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identifies, evaluates and economically prioritizes sustainment and development opportunities
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establishes standards, measures, and processes for performance monitoring
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recognizes key initiatives (such as reservoir surveillance programs, special studies) which may influence the evolution of future reservoir management strategies
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facilitates integration of technical and business elements required to optimize asset value as guided by short and long-term corporate strategies
An Asset Depletion Plan is like an Oil & Gas Property owner’s manual and has the following attributes:
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