Asset Reference Plan The Asset Reference Plan (ARP) is a comprehensive business plan of the long-term strategy to recover the reserves and captures all major activities which occur during an asset’s lifecycle which impact upon its costs, revenue and overall economics. The ARP for an asset is therefore the basis of that asset team’s contribution to the annual corporate programme build. On an annual basis, the ARP should be updated to reflect changes in the internal and external environment and new initiatives. Beyond this, the ARP should provide a summary of development and growth plans for the asset which are geared to maximising its value in the short, medium and long term and should be aligned with corporate goals.
