An electrical submersible pump is to be installed to lift oil of \(30^\circ API\) in a 10000 ft deep well. The oil formation volume factor (\(B_o\)) is \(1.25 \, rb/stb\). The desired flow rate is \(8000 \, stb/day\). Minimum suction pressure of the chosen pump is \(200 \, psi\). Inflow performance relationship shows a flowing bottomhole pressure of \(2820 \, psi\) at the desired flow rate.
Assuming casing pressure and weight of the gas in the annulus to be negligible, the minimum pump setting depth is \(\underline{\hspace{1cm}} \, ft\) (rounded off to one decimal place).