| Country | | Jordan |
| Well cost | MM$ | 7.5 |
| Condensate flow rate (Initial) | Bbl/d | 3950 |
| Gas flow rate (Initial) | MMscf/d | 23 |
| Gas gravity | Air = 1 | 0.82 |
| Oil Gravity | °API | 53 |
| H2S content | % | 17 |
| Drilling rigs available | No. | 3 |
| Time to drill well | Days | 98 |
| Reservoir Pressure | Psia | 4140 |
| Z-factor | | 0.97 |
| Area | Acre | 4600 |
| Phi | % | 22 |
| h | ft | 82 |
| Sw | % | 18 |
| Decline rate (exponential) | %/yr | 16 |
| Depreciation period (Minimum) | Years | 3 |
| Oil severance tax oil | % | 13 |
| Severance gas | % | 12 |
| Gas price (Service contract) | $/MSCF | 26 |
| Discount rate | % | 18 |
| Some data are not provided. You will need to come up with reasonable estimates for these. |
| For plant capex and opex, use offsets or rules of thumb in the course text. Assume costs spread evenly over three years. |
| For your cash flow model, assume all revenues and costs occur at the end of each year. |
| Assume wells can produce at the start of the year after they were drilled. |
| Do not forget that sulpur can be a product! |
| Assume gas production will decline according to an exponential relation (also called "constant percentage decline"). |
| Depreciation period starts when capex is put into service. It cannot exceed the economic life of the project |
| You do not have to use all the drilling rigs available. |
| Try to optimise the profitability in terms of NPV. |
| Make sure your recovery factor is reasonable compared with the OGIP. |
Dr Huntington
copy_of_project_data.xlsx
