A reservoir has the following parameters : Area= 6 sq k

A reservoir has the following parameters : Area= 6 sq km Net pay Thickness= 5 m Porosity=12% Hydrocarbon Saturation= 70% and Recovery Factor=18% FVF =1.01. It is desirable to perturb individual parameters by +/_ 5% and prepare production profile which can sustain 10 years in P90 P50 and P10 cases. The Capex for the first three years is 10MM 25MM and 30MM USD respectively. The Opex is $4/BBL of oil for the entire period. The productivity of each well is 20bbls/day. Calculate the NPV and EMV of the project in three different scenarios. The royalty to be paid to the host country is 16.66% and tax rate to be considered is 33.33%.

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