Publications Details
Well cost estimates in various geothermal regions
A project to estimate well costs in regions of current geothermal activity has been initiated. Costs associated with commonly encountered drilling problems will be included. Activity-based costing techniques will be employed to allow the identification of cost drivers and the evaluation of the economic effects of new technologies and operational procedures on well costs. The sensitivity of well costs to a number of parameters such as rate-of-penetration and daily operating costs will be examined. Additional sensitivity analyses and trade-off studies will evaluate the efficiency of various operational practices and preventive, as well as remedial, actions. These efforts should help provide an understanding of the consumption of resources in geothermal drilling.