Enhanced Oil Recovery (EOR) is a method associated with Carbon Capture, Utilization, and Storage (CCUS) that consists of injecting CO2 into mature oil fields to store CO2 and enhance production. CO2-EOR projects are costly, requiring technical and economic evaluations to determine their viability. This research analyzes various economic parameters in CO2-EOR projects to develop a comprehensive model for assessing their economic viability in Brazil. The model was tested on projects developed by Silva et al. (2010) and included six scenarios of CO2-EOR in mature reservoirs. The results demonstrate the impact on well completion costs. The scenario with the highest oil production had one additional completion and, for this reason, did not show the best Net Present Value (NPV) result. This work also conducts a sensitivity analysis of parameters and reviews their impacts on NPV. Results indicate a significant impact of barrel price and minimum attractiveness rate on the NPV, while finding that the taxation of excess CO2 was not very significant. Low barrel prices (<$9) proved to be unfeasible with negative NPVs.