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capacity worldwide (table 5.16).127 Chevron, a U.S. multinational energy producer, is reportedly the largest producer of geothermal energy. In 2012, Chevron’s geothermal operations in Indonesia and the Philippines had a total capacity of 1,273 MW, and the company is assessing the prospects for additional development of geothermal energy production in both countries.128 TABLE 5.16 Companies owning geothermal energy capacity over 300 MW in 2010 Installed Company Calpine Chevron CFE Enel Green Power Ormat EDC Terra Gen Contact Energy Reykjavik Energy CalEnergy Generation Source: World Bank, ESMAP, Geothermal Handbook, 2012, 28. Handbook based on Bertani 2010. Drilling accounts for a large share of the services revenue produced by geothermal energy development. The drilling techniques for geothermal energy are not the same as those used for oil and gas drilling, but the same type of equipment is often used in both industries. Specific services performed in connection with geothermal drilling include provision of drilling fluids; completions (putting pipe into the ground); servicing of drill bits; wireline and proliferating services; and testing of wells.129 Drilling companies that focus on oil and gas operations also perform drilling for geothermal projects, In fact, Schlumberger and Halliburton, two multinational firms associated primarily with oilfield services, dominate the geothermal drilling services market.130 This involvement of oil and gas companies in geothermal project development contributes to greater geothermal production capacity and expands the size of the global geothermal market. On the other hand, the geothermal industry competes with oil and gas companies for access to drilling rigs. This competition sometimes reduces geothermal drilling, as it causes drill rig costs to rise to levels that are difficult for geothermal companies to pay. Within large companies involved in both geothermal and oil and gas exploration, there also may be competition for drilling rigs or other resources, requiring a balance between the two.131 Trade and Investment Imports and Exports The top international markets for geothermal energy services include Argentina, Chile, Iceland, Indonesia, Kenya, Mexico, New Zealand, Nicaragua, and the Philippines. These 127 World Bank, ESMAP, Geothermal Handbook, June 2012, 25. 128 Chevron website, updated April 2013, http://www.chevron.com/deliveringenergy/geothermal/. 129 Industry representative, interview by USITC staff, Jakarta, July 4, 2013. 130 KPMG, World Geothermal Market and Outlook, n.d., 10–11. 131 World Bank, ESMAP, Geothermal Handbook, June 2012, 26; industry representative, interview with USITC staff, Jakarta, July 3, 2013. 5-33 Country United States United States Mexico Italy Israel Philippines United States New Zealand Iceland United States capacity (MW) 1,310 1,087 958 915 749 707 337 335 333 329 Country of operations United States Philippines and Indonesia Mexico Italy and Latin America United States Philippines United States New Zealand Iceland United StatesPDF Image | Renewable Energy and Related Services: Recent Developments
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