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Table 4.

Economic scenario.

Variable/Parameter Value Unit
Oil price 314.5 USD/m3
Oil production cost 62.9 USD/m3
Water production cost 6.29 USD/m3
Water injection cost 6.29 USD/m3
Investment in drilling and completion of horizontal well 61.17 103 USD/m
Investment in connection (well-platform) of horizontal well 13.33 USD millions
Investment in drilling and completion of vertical well 21.67 103 USD/m
Investment in connection (well-platform) of vertical well 13.33 USD millions
Investment in platform Equation (1) USD millions
Abandonment cost (% investment on drilling and completion) 8.20
Annual discount rate (%) 9.00
Corporate tax rate (%) 34.00
Social taxes rates – charged over gross revenue (%) 9.25
Royalties rate – charged over gross revenue (%) 10.00

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