Note: In order to use the spreadsheet examples, you need to download Business Functions
|AbandonDate (ResvsOrDcRate, FromDates, AnnualRates, DeclinePoint, AbandonRate, [DeclineParam], [DayCount], [Periods])|
|Calculate the Abandonment Date given an oil production profile based on pre-determined production rates and a decline curve|
|This is a companion function of ProdProf, the oilfield production profile generator. Now ProdProf automatically determines when the abandonment rate has been reached and the field is depleted, but the question this function answers is: when does that happ|
This decline function calculates the decline factor internally based on the plateau rate, the abandonment rate, and the reserves. To see what decline factor it calculated, use the Trace facility.
TemplatesThis function features in the following downloadable spreadsheet template(s):