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Economics 6 Pages

Economics Of Water Flooding

Question

Write a report on the economics part of water flooding  that include

  1. Definition of water flooding
  2. Rationale for water flooding
  3. The process
  4. Designing water flood plans
  5. Economic analysis of the oil recovered through water flooding
  6. Investment costs
  7. Profitability analysis
  8. Net present value (NPV)
Solution

Title: Economics Of Water Flooding
Length: 6 pages (1650 Words)
Style: MLA

Preview

Economics of Water Flooding

Water flooding is progressing from a haphazard experimental stage to a precise engineering achievement. It is unfortunate that the economics, which is dependent on many variables, has not lent itself to accurate interpretations. The following research recognizes that technical studies proceed rapidly, creating diverging schools of thought. Despite diverging opinions, any proposed project has to complete an engineering study, by evaluating its experiences. No substitute exists for experience since seven out of ten water floods are failures. It is also important to determine the primary causes of failure for the success of water waves to reflect on this similar project. Real floods are often publicized if they are based on sound engineering. However, poor floods are never publicized because they are attributed to improper engineering, insufficient experience, and insufficient working capital. Since water floods are considered a safe oil venture, it can also be hazardous. The results of the drill often delay, making its invariable pay slow. Therefore, engineering, experience, and economics are inseparable in making a successful flooding.

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