Estimating Well Cost for Enhanced Geo System Applications
This course provides a detailed description and analysis of enhanced geothermal system (EGS) reservoir performance. The economics of EGS systems is controlled by the interplay of a complex set of parameters: reservoir, geologic, drilling, well completion, plant design, and operation. In order to identify, analyze, and mitigate the economic risks of any EGS prospect, one must first understand the relative importance of each of these parameters, how its relative importance changes under different constraints, and how they interactively affect EGS production. To date, no comprehensive parametric study on EGS is known to have been conducted within the industry. U.S. industry has not conducted a comprehensive study because it considers EGS an emerging technology. The parametric studies reported in the literature have only considered a limited set and range of parameters, thus potentially skewing their results.
The possibility of improving the economics of EGS can be determined by analyzing the major cost components of the system, which include well drilling and completion. Determining the sensitivity of EGS cost components will help to identify areas of research to reduce those costs. The results of this well cost analysis will help quantify well development cost for EGS.
Once you complete your course review, you need to take a multiple-choice quiz consisting of fifteen (15) questions to earn 7 PDH credit.
This course is intended to provide you with the following specific knowledge and skills:
- the costs of drilling and completing geothermal wells
- the relationship of construction costs to the economic viability of enhanced geothermal systems.
- an analysis of the major cost components of an EGS
Download the Course to review and begin earning your PDH credits.
We provide technical courses for PDH credits that meet Board requirements for Professional Engineers, Geologists and Land Surveyors. This course is guaranteed to be accepted in AK, AL, AR, FL, GA, IA, IL, ID, IN, KS, KY, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WI, WV, and WY. Before purchasing this course, please confirm that your state Board is listed above.