Geothermal energy
Geothermal systems, which rely on extracting heat from deep within the Earth, face many of the same technical challenges that oil and gas operators have tackled for decades. Geothermal development can be advanced efficiently and economically by applying proven oil and gas technologies.
The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
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A variety of SPE resources and others are available to bring you up to speed on geothermal energy. Bob Pearson, SPE Technical Director of Projects, Facilities, and Construction, highlights several to get you started. -
Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal-drilling technology and may someday give abandoned oil and gas fields a second act.
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Utah FORGE has completed the first highly deviated, deep geothermal well to target depth and at planned trajectory, 60 days ahead of schedule.
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A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.
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The closing date for the ESP tender for the UK’s first geothermal power plant is in early February.
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The cutting-edge technological developments in geothermal are devoted to drilling into deeper, hotter, and harder rock. Oil and gas expertise and know-how holds the key to cost reduction.
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A Canadian company reports that it has drilled and completed a historic horizontal well in Saskatchewan.
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Extending and transferring the high-temperature capabilities of existing E&P technologies could make geothermal energy development possible—and scalable—anywhere in the world.
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The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
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Researchers at OU have received $2.5 million of US Department of Energy funding for a three-phase study to develop technologies to increase power production from geothermal wells. The geothermal development research site in Southern California sits on the US Navy’s largest single landholding.
