Open Access

Table 3

Economic parameters.

Parameter Value Unit
Oil price 257.9 USD/m³
Gas price 0.026 USD/m³
Oil production cost 48.57 USD/m³
Gas production cost 0.013 USD/m³
Water production cost 4.86 USD/m³
Water injection cost 4.86 USD/m³
Drilling and completion of vertical well 50.34 MM USD
Connection well-platform 13.30 MM USD
1st ICV (each well) 1.00 MM USD
Additional ICV (each well) 0.30 MM USD/ICV
Abandonment cost 4.13 MM USD
Annual discount rate 9%
Corporate tax rate 34%
Social tax rate – over gross revenue 9.25%
Royalties rate – over gross revenue 10%

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