Comparison of U. K. geothermal and U. S. oil well costs

As part of the development of a complete cost model for low-enthalpy geothermal energy systems, a detailed investigation was carried out on the major cost components involved in drilling wells in sedimentary regions. A drilling cost model, WDCM, was produced as a result of this work. This paper repo...

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Bibliographic Details
Published in:Geothermics 1989-01, Vol.18:3
Main Authors: Mortimer, N.D., Harrison, R.
Format: Article
Language:English
Subjects:
02 PETROLEUM
020700 - Petroleum- Economics, Industrial, & Business Aspects
03 NATURAL GAS
030600 - Natural Gas- Economic, Industrial, & Business Aspects
150500 - Geothermal Energy- Economics, Industrial, & Business Aspects
290200 - Energy Planning & Policy- Economics & Sociology
COMPARATIVE EVALUATIONS
COST
DRILLING
ENERGY
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SOURCES
ENTHALPY
EUROPE
FRANCE
GEOTHERMAL ENERGY
GEOTHERMAL WELLS
NATURAL GAS WELLS
NORTH AMERICA
OIL WELLS
PHYSICAL PROPERTIES
RENEWABLE ENERGY SOURCES
ROCKS
SEDIMENTARY ROCKS
THERMODYNAMIC PROPERTIES
UNITED KINGDOM
USA
WELL DRILLING
WELLS
WESTERN EUROPE
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Summary:As part of the development of a complete cost model for low-enthalpy geothermal energy systems, a detailed investigation was carried out on the major cost components involved in drilling wells in sedimentary regions. A drilling cost model, WDCM, was produced as a result of this work. This paper reports the use of the model in explaining differences in the cost of U.S. oil and gas wells and U.K. low-enthalpy geothermal wells, in particular. A comparison with the cost of the French low-enthalply geothermal wells is included.
ISSN:0375-6505
1879-3576
DOI:10.1016/0375-6505(89)90065-5