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Drilling Technology and Costs

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Drilling Technology and Costs ( drilling-technology-and-costs )

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100 Geothermal Well Model Predictions Drilling Technology and Costs 30 10 r a c n s e 3 1 JAS Oil and Gas Ave JAS Ultra Deep Oil a The Geysers Actual Imperial Valley Actu Other Hydrothermal Oil and Gas Hydrothermal Predi Average HDR/EGS Actual 0.3 0.1 Depth (meters) (ft) Wellcost Lite Sp 0 2000 4000 6000 8000 10000 JAS Oil and Gas Average HDR/EGS Actual JAS Ultra Deep Oil and Gas HDR/EGS Predicted The Geysers Actual Soultz/Cooper Basin Imperial Valley Actual Wellcost Lite Model Other Hydrothermal Actual Wellcost Lite Base Case Hydrothermal Predicted Wellcost Lite Specific Wells Chapter 6 HDR/EGS Predicted Soultz/Cooper Basi Wellcost Lite Model Wellcost Lite Ba 5000 10000 15000 20000 25000 30000 6­11 1. JAS = Joint Association Survey on Drilling Costs. 2. Well costs updated to US$ (yr. 2004) using index made from 3­year moving average for each depth interval listed in JAS (1976­2004) for onshore, completed US oil and gas wells. A 17% inflation rate was assumed for years pre­1976. 3. Ultra deep well data points for depths greater than 6 km are either individual wells or averages from a small number of wells listed in JAS (1994­2000). Figure 6.1 Completed geothermal and oil and gas well costs as a function of depth in year 2004 U.S. $, including estimated costs from Wellcost Lite model. 4. “Other Hydrothermal Actual” data include some non­US wells (Source: Mansure 2004). Completed Well Costs (Millions of Year 2004 US$)

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