Well Econ is your smart digital assistant designed to determine the economics of drilling and completing a well. It takes into account well costs, the oil price, the initial well production, Arps type well profiles and production decline rates suitable for use in conventional and unconventional wells. Well Econ translates all these into net present value (NPV), return on investment (ROI) and Payback, the length of time to recover the well costs. In a volatile oil and gas price environment, Well Econ’s flexibility allows rapid ‘what if’ scenarios and sensitivity analysis to quickly home in to economically robust wells, i.e., wells with high NPV, high ROI and fast Payback, leading to prudent oil and gas investment decisions. Just say “Alexa start Well Econ.”
“Initial production one thousand two hundred eighty barrels oil per day, six... ”
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