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% | – |