Gas development projects usually commence from the confirmation of availability of gas markets and contracts before the development planning studies can be initiated.The gas contracts typically feature penalties(“take-or-pay”and related clauses)for not meeting the demand or non acceptance of delivered gas. With increase in gas demand to meet both export and domestic gas obligations in Nigeria,Companies rely on a robust production forecasting platform to predict and manage the performance of their subsurface assets in a bid to meet those obligations. This paper explains the strategy in a typical International Oil Company(IOC)in meeting the above objective of achieving an integrated gas market development plan in support of its business planning decisions.
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