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% | – |