Research Article

The Optimal Development Strategy Selected for Layered Sandstone Reservoir by Creating a System Economic Model

Table 4

Economic parameters of block S.

Average fixed total cost of a single well (K$)Average annual production time (day)Water injection cost ($/t)Ton of liquid treatment cost ($)Sum of material cost per ton oil, fuel charge, and power cost ($)Tax of a ton of oil ($)Commodity rate of crude oil (%)

186.9337.50.0120.2148.0875.3498.37