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Supercritical Carbon Dioxide Circulated EGS Combined with IGCC in New Mexico 9.3 Enhanced Geothermal System Economics: The success and failure of any geothermal resources is strongly dependent upon the depth and the temperature of the resource. From the 2006 MIT report the costs can be divided into three areas: Exploration, drilling, and completion of wells. Construction of power conversion facilities Discounted future re-drilling and well stimulation. 9.3.1 Exploration, drilling, and completion of wells The costs for the exploration of geothermal resources is dependent upon the amount of available data that does not have to be self created. A thorough review of the available data is critical. Fortunately within the state of New Mexico, specifically the Albuquerque Basin, there is sufficient subsurface data to successfully guide geothermal exploration. The multiple generations of seismic reflection data across the basin provide an accurate picture of the subsurface. The well-control for these seismic lines is provided by deep oil and gas wells such as Transocean Isleta-1. The drilling records of these deep oil and gas wells provide insights into possible issues that will arise during the drilling of the EGS wells. By anticipating issues it will be possible to minimize rig downtimes and damages to the well during its construction. The costs of drilling and completion of geothermal wells are incorporated into Wellcost Lite® (Mansure et al. 2005). The proposed final total depth for this project is 5km. This corresponds to the Mid-range EGS well category as proposed in the 2006 MIT report. The cost for drilling an EGS well as suggested by the Wellcost Lite ® model is approximately $7MM if four casing strings are used. If five casing strings are used then the cost to drill the well rises to approximately $8.3MM. It is assumed that the values determined by GETEM for the well categories will hold constant for the other aspects of the plant cost estimating. From below these two values typically make up almost 60% of the total project costs for conventional EGS projects. To get the required flow rate the values for a field development category is approximately $600,000,000. It is very possible that advanced drilling technologies of oil and gas service companies can reduce these costs. An example of significant cost savings was reported by Baker Hughes in early April 2011. Through their efforts they were able to save approximately $1.3 million. 9.3.2 Construction of power conversion facilities The construction of the power conversion facilities and geothermal power estimation for the site in this project is accomplished by the spreadsheet model that was developed by Entingh et al. (2006). The Geothermal Electricity Technology Evaluation Model (GETEM) is capable of taking user defined inputs and allows the user to select different estimating criteria within the model. Furthermore, the version of GETEM used in this project was able to estimate binary but Penn State University | 9.2 Governmental Derived Incentives: 105PDF Image | GREAT NECK WATER POLLUTION CONTROL DISTRICT NASSAU COUNTY, NEW YORK MICROTURBINE INSTALLATION FEASIBILITY STUDY
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