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 |