Geothermal Energy Case Studies 1: Exploiting newly abandoned or late-life E&P wells

....a sustainable alternative to P&A-ing and walking away! 0

Friday, October 15, 2021, Webinar, Online

One thing we have realized is that oil & gas folk are being told that there are many skills that are transferable from oil & gas to Geothermal Energy; this may well be both true and important but it is also clear that there is inadequate understanding of the business case amongst oil & gas companies and investors ‘over here’.

One of the views that a certain UK Major is said to hold is that Geothermal Energy = Oil & Gas prices as Input, Utility prices as Output => Poor Economics.

Obviously Re-purposing (modern) E&P wells reduces the Input prices…….

Agenda

13:00 David Bamford - Director - Future Energy Partners Ltd Welcome & Introduction David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003. He has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies. He has been a board director of Tullow Oil and Premier Oil. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham. Future Energy Partners Ltd Future Energy Partners (FEP) is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty. We offer truthful, professional opinion and advice; no playback of what you already know, and no spin. FEP was founded by 4 senior industry practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in a transforming, transitioning, industry, in order to maintain an energy supply that is sustainable and even recognisable compared to recent history. Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner. Global reach FEP actively participates in the facilitation and conduct of seminars and webinars worldwide, for example in conjunction with its associate partner Finding Petroleum. Our presence reaches parts of the globe, such as: the UK, the USA, Sub-Saharan Africa, with partners wherever we work.

13:10 Alan J Cohen - Director - Business Development & Partnerships - PETROLERN LLC Profitable Geothermal Energy Generation from Reconverted Late-Stage Oil Industry Wells Talk Description. Authors: Alan J Cohen, Joseph Batir, Kevin Kitz, Hamed Soroush Geothermal energy currently plays a small role in meeting the world's energy demand, and commercial production has been mainly focused on high-temperature, often volcanic formations that limit development to certain regions of the globe. For over a decade, research and discussions looked into opportunities to produce geothermal electricity and/or heat from existing lower temperature sedimentary formations, yet there is still no commercial development. To improve the profitability of these resources, Petrolern has developed an integrated, patented screening platform to identify appropriate oil and gas wells for being converted to geothermal sources of heat and/or electricity. These existing late-stage, shut-in, or unplugged holes remove the significant cost of drilling new wells. The screening tool integrates modules defining critical parameters for the Reservoir, Borehole, Surface System, Environment, Infrastructure, and Economics, with screening tests at intermediate stages to define potential profitability for conversion of a well or group of closely spaced wells. Uncertainty of parameters and sensitivity of outcome to relevant parameters are handled through probabilistic simulation and economic viability is determined for each project. Our projections from sample conceptual conversion projects indicate repurposing some oil and gas wells to geothermal heat and power production is profitable with an internal rate of returns (IRR) in the range of interest (7 to 27 %) to investment banks. Sample costs of produced electricity are in the range from 3 to 5 US cents per Kilowatt-hour, even without tax credits or abandonment deferrals. Co-production of hydrocarbons and geothermal energy is also feasible. Not only does the conversion of geothermal energy avoid the cost of drilling new wells and defer the cost of abandonment for the life of the geothermal system, it also indicates commitment to green energy solutions. Project costs can be kept even lower as cheaper more flexible modular power systems are tested and become commercial. These are under investigation. Internationally recognized executive and geoscientist, Dr. Alan J Cohen serves PETROLERN LLC as Director of technology partnerships and business development for geothermal, carbon storage, and oil and gas. He has over 35 years of experience in leadership and senior advisory positions in upstream oil and gas E&P operations, green energy solutions, R&D and technology maturation in the geosciences and engineering, and in midstream. He served as Senior Executive at the US Department of Energy ($90MM budget), was CTO at two technology companies, and Chief Geophysicist at Royal Dutch Shell - North and South America. He was Adjunct Professor - Geology at University of Louisiana. Now working technology partnerships and commercialization in: real-time subsurface monitoring, novel downhole tools, physics-based machine learning, and greener energy solutions. Has done business development and led projects on all continents in over 30 countries. Alan holds a PhD and MS (Physics) from Harvard University and BSc (Chemistry) from McGill. Patent co-inventor on de-risking the conversion of fossil energy to geothermal power or heat. PETROLERN LLC PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects. We conduct cutting edge R&D and execute global projects to increase our clients’ profitability yet minimizing their environmental footprint. Our green energy initiative begins with making the oil and gas industry greener by providing energy transition solutions. Our core competencies include: geomechanics, fluid mechanics, applied artificial intelligence, visualization, edge computing, and software development. We apply these skills to optimize drilling, completions, stimulation, and production plus providing high-resolution subsurface monitoring. We pursue challenging projects where we can apply our innovative solutions and problem-solving skills.

13:40 (blank) - - Q&A followed by Close no later than 14:15

Sponsors of this event

Geothermal Energy Advancement Association
The Geothermal Energy Advancement Association (GEAA) advocates increased investment in geothermal energy and increased awareness of this sustainable source for near zero-carbon power, heat, and hot water. The Association is a not-for-profit organisation offering leadership, dialogue, and information in the energy transition debate, supporting the role of geothermal in transitioning to a world that will use less petroleum specifically and fossil fuels in general.
GEAA officially took effect on April 14.

Future Energy Partners Ltd
Future Energy Partners (FEP) is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

FEP was founded by 4 senior industry practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in a transforming, transitioning, industry, in order to maintain an energy supply that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

FEP actively participates in the facilitation and conduct of seminars and webinars worldwide, for example in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, the USA, Sub-Saharan Africa, with partners wherever we work.

Registered Delegates

Trevor King Sr Geoscientist & Manager - United States	Wally Jakubowicz Managing Director Hampton Data Services United Kingdom	Lucinda Ross PetroSA South Africa
phathompat B specialist - Thailand	Kouakou YAO Geologist Heling	Christine Roche Manager PGS United Kingdom
???? ???? ???? ???? United Kingdom	Marine DI MATTEO Project manager Heling United Kingdom	Frederic Yeterian Director Philax International (UK) Ltd United Kingdom
Martin Cox Director ABerdeen Drilling Management Ltd United Kingdom	Isabel Florez Horizons United Kingdom	David Pickering Geological Consultant Pickering Geoscience United Kingdom
Gordon Stove Co-Founder & Managing Director Adrok United Kingdom	Feargal Murphy _ IGS United Kingdom	JUAN SOLDO MANAGER IN GEOPHYSICS PLUSPETROL Argentina
Ian Cloke Chief Operating Officer & Co founder Afentra United Kingdom	Lawrence Jackson Senior Account Executive IHS United Kingdom	Patrick Mahue CEO Primecores Capital Canada
William Otim-Nape CEO Africa Innovations Institute Uganda	Adrian Heafford PM Seismic IHS Markit United Kingdom	Jesse Nyokabi Engineer Quaise Energy ltd Kenya
Patrick Barnard Director APT UK United Kingdom	Mark Diaz Director IHS Markit United Kingdom	REINALDO RAMIREZ Energy Technology and Operations Director RamRei Energy Spain
Daiana Alsaadi Beicip Franlab	Alejandra León Director Latin America upstream IHS Markit Mexico	Nicholas Shaw Director / Principal Geologist RCGC Ltd United Kingdom
Simon Berkeley Director Berkeley Associates United Kingdom	mohamed khiar Geoscientist IHSMARKIT United Kingdom	Chris Sladen Founder Reconnoitre Ltd United Kingdom
Chris Walker Chief Geophysicist BGP Offshore United Kingdom	Gabriela D'Aubeterre Manager Ikon Science United States	Ehsan Nikjoo RESMAN United Kingdom
Diana Allard Geothermal Project Engineer BGS United States	Ana Somoza Ikon Science United Kingdom	Richard Walker Geophysical Consultant Richard Walker Geoscience Ltd United Kingdom
Stephen James Geoscience Manager Block Energy PLC	Yoryenys Del Moro Product Marketing MAnager Ikon Science United States	Jason Canning Principal Advisor RPS United Kingdom
Camilo Sarmiento Canacol Energy Colombia	Kester Waters SVP Global Services Ikon Science Ltd United Kingdom	Gordon Taylor Head of Subsurface RPS Energy United Kingdom
Andy Wood Subsurface Manager CeraPhi Energy Ltd United Kingdom	Rene Alcalde independent United States	Murray Bainbridge Inward Investment Specialist Scottish Enterprise United Kingdom
Lafayette Herring Senior Advisr CeraPhi Geothermal United States	Robert Murphy Consulting Geologist Independent Ireland	Carlos Vargas Sr.Petrophysicist Self Employee Mexico
Shervin Dizaji Geoscientist CGG United Kingdom	Nick Steel Consultant Independent United Kingdom	Mike Rego Managing Director Septima Energy Pte. Ltd. United Kingdom
Ahmed Elfaramawy snr staff petrophysicist CHEIRON PETROLEUM CORPORATION Egypt	Abimbola Durogbitan GM Geosciences Independent Consultant/Nigerian Association of Petroleum Exolorationists UK/EUROPE COORDINATOR United Kingdom	Denis MOUGENOT Chief Geophysicist - retired as consultant Sercel-retired France
Clare Slightam Managing Director Chimaera Consultants United Kingdom	Stephane Planeix Operations / Asset Management IS Norway	Aaron Lockwood Software Sales Manager - EAME Shearwater Geoservices United Kingdom
Wendong Wang China University of Petroleum(East China) China	Nick Johnson Managing Director JUC Ltd United Kingdom	Yang Xue shell
Bill Bartling consultant United States	Heikki Jutila Owner Jutila LTD United Kingdom	David Owen Shell United Kingdom
Ian Jack Mostly Retired Consultant United Kingdom	Jules van Limborgh managing director Kerogen United Kingdom	Sigve Hamilton Aspelund Independent consultant Sigve Hamilton Aspelund Norway
Alex Carrera Business Deveploment Consultant Ecuador	James Rigg Geoscientist Kerogen Capital United Kingdom	John Argent VP Geoscience Sound Energy Plc United Kingdom
David Boote DBConsulting Ltd United Kingdom	Amanda Turner CEO Lir Resources United Kingdom	Oxana Bristowe Director Stand4More United Kingdom
Raffaele Di Cuia Technical Director Delta Energy Limited Ltd Italy	Gareth Beamish CTO & Subsurface Director Lir Resources Ltd. United Kingdom	Chris Einchcomb Advisor STRYDE Ltd United Kingdom
Jhonny Calderon Staff Eco Colombia	Catriona Penman Geologist (Software) Lloyds Register United Kingdom	basker murugappan principal production technologist Taqa Inc United States
Jonny Tribick Project Geoscientist Egdon Resources United Kingdom	David Egya London South Bank University United Kingdom	Ali Misaghi Managing director Tavana Energy Company Iran
Aurore Plougoulen Emerson France	Alan Smith Director Luchelan Limited United Kingdom	George Barber Terra Energy & Resource Technologies (TERT) Indonesia
Richard Pelling Product Manager Emerson United Kingdom	Paul Dinham Manager MFDevCo United Kingdom	Andy Harris Sales Manager TGS United Kingdom
Henry Lang Director UK and Africa Ensure Environmental Consulting Ltd United Kingdom	Fabio Brambilla Sr. Geoscientist MH Italy	Laura Kay Ethetton The Data Diva United States
Daniel Flores CEO EPSEMIPE EIRL Peru	David Lawton Principal Consulting Geologist/Director Milnwood Partners Limited United Kingdom	Markus Harting CEO The Oryx Group International United Arab Emirates (UAE)
Ivan Maulana ERCE Singapore	Marzena Olewczy?ska Business Owner MMO Consulting Poland	Romerico Gonzalez Geoscience Advisor Thermaprime Drilling Corporation Philippines
Peyman Moradi Reservoir Engineer and Seismologist ESG Solutions Canada	Claire Tindle Subsurface Manager Mol uk United Kingdom	Anna Rundell Sustainability and Environmental Lead Third Energy United Kingdom
Glen Burridge Executive Director European Federation of Geologists United Kingdom	Robin Sutherland Consultant Monitor Exploration Limited South Africa	Russell Hoare Managing Director Third Energy Trading Limited United Kingdom
Geoff Chambers Lead Data Scientist Evaluate United Kingdom	Adrian Gregory Principal Consultant MORE Consultancy Ltd United Kingdom	Cristina Arrieta Geologist Tlalli energia Mexico
dean maitland director EVS United Kingdom	Martin Wadsworth Director/Consultant MWGeoData Ltd United Kingdom	Tahir Mehmood Chaudhry Consultant Geoscientist TMAG Oil & Gas U.K., Ltd United Kingdom
Ian Peebles Exprodat Consulting Ltd United Kingdom	Yang Xue NA United States	Raphaele HENRI-BALLY Best Practices in Subsurface Engineering TOTAL Energies France
Karl Jeffery Editor Finding Petroleum / Digital Energy Journal United Kingdom	Helen Turnell Principal Consultant NR Global Consulting Ltd United Kingdom	Muhammad Zeshan Haidar Student UET Lahore Pakistan
Greg Coleman CEO Future Energy Partners United Kingdom	Alan Poole OGA United Kingdom	Mansoor Zoveidavianpoor Associate Professor Universiti Teknologi Malaysia Malaysia
Barbara Holzweber Gaffney Cline & Associates	Sabyasachi Prakash Laboratory Scientist OilNet Laboratories United States	Juliana Pinto Job seeker University of Aberdeen United Kingdom
melissa johansson Director Geode-Energy Ltd United Kingdom	harald granser Exploration Manager Omv Austria	Tim Cullen Postdoctoral Research Fellow University of Bergen Norway
Andrew Shrager Geodynamics Worldwide Italy	Maximilian Richards energy transition consultant OPC United Kingdom	Alexandra Emuss University of Glasgow United Kingdom
Greg Szutiak CTO GeoX Energy Canada	David Cox Founder Optykal Canada	Richard Dawe professor emeritus uwi United Kingdom
Richard Bennett Chairman Getech plc United Kingdom	Laurence Ormerod Chairman Ormerod Consulting Ltd United Kingdom	Neil Ritson CEO Vanguard Energy Ltd United Kingdom
AMY BLOOMFIELD-CLARKE Golder Associates United Kingdom	Stephen Birrell Advisor Ossian Energy Ltd United Kingdom	Giles Watts Consultant Watts Geoscience Consulting United Kingdom
Mark Cottrell Technical Director Golder Associates (UK) Ltd United Kingdom	John Dick Director OSSO Ltd United Kingdom	Fabio Rosas Technical Manager Welltec Denmark
Serdar Kaya MD Grenergy LLC	David Cleverly Geophysicist Perenco United Kingdom	Adrian Temple-Brown Researcher and Activist Wiltshire Climate Alliance United Kingdom
John Leggate Chairman GRID United Kingdom	Vidar Andresen Director Petrodataonline United States	Richard Hood Research Manager Wood Mackenzie United Kingdom
Bill Chmela Program Director GTI United States	Carlo Buscaglia Subsurface Team Lead Petrofac United Kingdom	Hugh Ebbutt Associated Director WSS Energy Consulting United Kingdom
Lawrie Cowliff Geoscientist Halliburton United Kingdom	Hamed Soroush CEO Petrolern LLC United States	Kellen Gunderson Zanskar Geothermal and Minerals United States
Alice Butt Geoscientist Halliburton United Kingdom	Answa de Lange Asset Manager PetroSA South Africa