Input Data

Year Begin 2017 Year

Signature bonus 100 $MM
Exploration Activities 80 $MM/year
Exploration years 2 Years
Developmental well 2019 Year
Field development 2 Years
1st year 100 $MM
2nd year 150 $MM

PRODUCTION FORECAST
Production begins in 3 Years
Initial production 1000 BOPD
Instantaneous production year 2019 Year
Peak production 50000 BOPD
Peak production begins 2023 Year
Peak period 2 Years
Effective decline rate 12.5%
Field life 20 Years
Number of days 365 days/year

CASH FLOW
YEARLY Fixed Opex
Fixed Operating Cost
MOD Oil price
Oil price rate (Escalator/Deflator)
Instantaneous
prod year 2019 Plateau ends 2024
Production
begin 2020 year begin Plateau starts 2023 year Decline starts 2025
Q(t0) 1000 BOPD Q(tp) 50000 BOPD Q(tp) 50000

Build-up time 3 year Plateau period 2 years d 0.125

Q(tp) 50000 BOPD a 0.133531
Build up rate, a -1.30401 per year
Np(Build up) 13715410 STB Np(Plateau) 36500000 STB Np(decline)
Ultimate Remaining Cummulative
Recovery STB Reserves STB Production
Project life 2040

Cummulative at
Oil Annual
Year Begin year end
(BOPD) (STB)
2017 -
2018 -
2019 -
2020 1000
2021 3684.031
2022 13572.09
2023 50000
2024 50000
2025 370552
2026 324233
2027 283703.9
2028 248240.9
2029 217210.8
2030 190059.5
2031 166302
2032 145514.3
2033 127325
2034 111409.4
2035 97483.19
2036 85297.79
2037 74635.57
2038 65306.12
2039 57142.86
2040 -
year

year
BOPD

effective decline rate

STB

STB