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Chevron has managed to keep some very old equipment in operation, and this affects their cost structure. One thing that helps the EROI is that the oil is not very deep. Vertical wells cost somewhat over $100,000 each; horizontal wells are about double this. Chevron is able to get good ...
The authors would like to acknowledge the staff members of the ISCRG of the University of Calgary and the Center for Hydrocarbon Recovery at the Skolkovo Institute of Science and Technology for their technical assistance in conducting this research. Conflicts of Interest The authors declare no confli...