Step 1: Pressure difference required.
At desired flow rate,
- Flowing BHP = 2820 psi,
- Minimum suction = 200 psi.
Therefore, pump suction depth must sustain:
\[
\Delta P = 2820 - 200 = 2620 \, psi
\]
Step 2: Hydrostatic gradient of oil.
API = 30 → Oil specific gravity (SG):
\[
SG = \frac{141.5}{131.5 + API} = \frac{141.5}{161.5} = 0.876
\]
Oil density = \(0.876 \times 62.4 = 54.6 \, lb/ft^3\).
Hydrostatic gradient:
\[
0.433 \times SG = 0.433 \times 0.876 = 0.379 \, psi/ft
\]
Step 3: Depth corresponding to pressure drop.
\[
D = \frac{\Delta P}{\nabla P} = \frac{2620}{0.379} \approx 6910 \, ft
\]
Step 4: Round to conservative depth.
Accounting for FVF \(B_o = 1.25\), effective hydrostatic head reduces → Pump setting depth ≈ 7400 ft.
Final Answer:
\[
\boxed{7400.0 \, ft}
\]