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Table 3.

Economic parameters

Market values Discount Rate (%) 10
Oil Price (USD/bbl) 25
Royalties (%) 10
Costs Oil Production (USD/bbl) 3.2
Water Production (USD/bbl) 1.3
Water Injection (USD/bbl) 1.3
Investment Investment in drilling a new horizontal well from subsea surface to completion zone (106 USD/m) 4
Horizontal well’s investment on drilling a completion or sidetrack zone + completion (USD/m) 20 000
Additional Vertical Well (106 USD) 6

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