The Cost Benefits of Using this Technology:
Comparison based on general costs and economic benefits: One-off input – a single well with four sidetrack drilling holes: Every hole is 100,000 Yuan (RMB), so the total cost is 400,000 Yuan. ($61,500) according to the current highest bid.
As evident in the chart below, if the technology delivers an increase in yield of one tonne of oil per day, then it would take approximately three months to recover the costs of the investment. Generally the investment in EOR can be recouped within one year.
The growing amount of oil per day
Daily output according to the international oil price.
Expected Payback period of investment is
Remark
Ton/d
ay
barrel/day RMB(Y
uan)
US Dollars Day
1. One ton equals to 7.4 barrel for Daqing crude oil. 2. $100 dollars per barrel according to international oil price.
3. Single well cost (4 holes): RMB 400000 yuan 0.5 3.7 2405 370 166
1.0 7.4 4810 740 83
2.0 14.8 9620 1480 41
3.0 22.2 14430 2220 27.7
4.0 29.6 19240 2960 20.8
5.0 37..0 24050 3700 16.6
