Science – Society – Technology
Table 4 Economic model input
Parameter | Value | Unit | Occurrence | Source |
|---|---|---|---|---|
Production time | 30 | Years | – | – |
No. of doublets | 1 | – | – | – |
No. of wells | 2 | – | – | – |
Exploration costs | 460,000 | € | Once | van den Bosch et al. (2013) |
ESP costs | 800,000 | € | Every 5 years | van’t Spijker and Ungemach (2016) |
Power facility | 1,500,000 | € | Once | van den Bosch et al. (2013) |
Drill location | 300,000 | € | Once | van den Bosch et al. (2013) |
Unforeseen costs | 5 | % of construction costs | Once | Daniilidis et al. (2017) |
ESP downtime | 15 | days | Every 5 years | Daniilidis et al. (2017) |
ESP efficiency | 55 | % | – | van ’t Spijker and Ungemach (2016) |
Electricity price | 0.071 | €/kWh | – | CBS (2019) |
Gas price | 0.016 | €/kWh | – | - |
Fixed OpEx | 5 | % of CapEx | Annually | de Boer et al. (2016) |
Drill insurance | 7 | % of maximum compensation available | Once | Rijksdienst voor Ondernemend Nederland (2019a) |
$/€conversion | 0.90 | – | – | - |
AbEx single well | 1,275,500 | € | Once | Osundare et al. (2018) |
Market value of equity | 0.3 | – | – | Rijksdienst voor Ondernemend Nederland (2019b) |
Market value of debt | 0.7 | – | – | Rijksdienst voor Ondernemend Nederland (2019b) |
Cost of equity | 14.5 | % | – | Rijksdienst voor Ondernemend Nederland (2019b) |
Cost of debt | 2 | % | – | Rijksdienst voor Ondernemend Nederland (2019b) |
Corporate tax | 25 | % | – | Rijksoverheid (2019) |