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A model accounting for more than 30 parameters of drilling projects, and a computer program to enumerate groupings of the wells of a pad with consequent calculations of technical-economic characteristics, are developed and tested. Seven drilling scenarios for a 24-well pad with different starting oil flow rates for the wells are studied. Optimal well groupings in terms of Net Present Value (NPV) for three discount rates and five oil production decline rates have been found. The results showdoi:10.1016/s1876-3804(19)60041-8 fatcat:j22bvzm5ybg7tgxgrzlut4ruym