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Thread: Minimum Economic Production rate estimation for a field

  1. #1

    Minimum Economic Production rate estimation for a field

    How Minimum Economic Production rate estimation for a field is estimated? Is there any criteria or formula? I also need real field examples of such estimation.
    Actually I am doing a simulation study in which we have to limit the production rate at some economic limit.
    Bilal Amjad
    Independent Oil & Gas Consultant

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  3. #2

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    It may sound trite, but it's simply When your costs exceed your revenue....

    There is no generic rule-of-thumb - it depends upon your price assumptions, your fiscal regime, your operating cost basis etc..... Some stripper wells with low operating costs can produce down to single digit bbls oil per day, while some offshore installation require in excess of 5,000bopd to be viable...

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