@@ -6,43 +6,43 @@ Simulation Metadata
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GEOPHIRES Version: 3.4.29
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Simulation Date: 2024-05-15
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- Simulation Time: 10:31
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- Calculation Time: 0.345 sec
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+ Simulation Time: 10:41
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+ Calculation Time: 0.337 sec
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***SUMMARY OF RESULTS***
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End-Use Option: Electricity
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- Average Net Electricity Production: 1.85 MW
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- Electricity breakeven price: 29.73 cents/kWh
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+ Average Net Electricity Production: 2.63 MW
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+ Electricity breakeven price: 24.23 cents/kWh
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Number of production wells: 1
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Number of injection wells: 1
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Flowrate per production well: 41.0 kg/sec
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- Well depth (or total length, if not vertical): 2.1 kilometer
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+ Well depth (or total length, if not vertical): 2.3 kilometer
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Geothermal gradient: 0.0767 degC/m
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***ECONOMIC PARAMETERS***
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Economic Model = BICYCLE
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- Accrued financing during construction: 5.00
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+ Accrued financing during construction: 5.00
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Project lifetime: 10 yr
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Capacity factor: 90.0 %
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- Project NPV: -13.08 MUSD
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- Project IRR: -6.21 %
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- Project VIR=PI=PIR: 0.50
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- Project MOIC: -0.26
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+ Project NPV: -10.73 MUSD
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+ Project IRR: -2.24 %
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+ Project VIR=PI=PIR: 0.64
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+ Project MOIC: -0.10
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Project Payback Period: N/A
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***ENGINEERING PARAMETERS***
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Number of Production Wells: 1
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Number of Injection Wells: 1
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- Well depth (or total length, if not vertical): 2.1 kilometer
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- Water loss rate: 2.0
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- Pump efficiency: 80.0
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+ Well depth (or total length, if not vertical): 2.3 kilometer
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+ Water loss rate: 2.0
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+ Pump efficiency: 80.0
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Injection temperature: 48.0 degC
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Production Wellbore heat transmission calculated with Ramey's model
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- Average production well temperature drop: 3.3 degC
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+ Average production well temperature drop: 4.1 degC
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Flowrate per production well: 41.0 kg/sec
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Injection well casing ID: 7.000 in
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Production well casing ID: 7.000 in
@@ -52,15 +52,15 @@ Simulation Metadata
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***RESOURCE CHARACTERISTICS***
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- Maximum reservoir temperature: 170 .0 degC
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- Number of segments: 1
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+ Maximum reservoir temperature: 400 .0 degC
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+ Number of segments: 1
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Geothermal gradient: 0.0767 degC/m
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***RESERVOIR PARAMETERS***
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Reservoir Model = Multiple Parallel Fractures Model
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- Bottom-hole temperature: 170.00 degC
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+ Bottom-hole temperature: 188.11 degC
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Fracture model = Rectangular
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Well separation: fracture height: 160.00 meter
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Fracture width: 160.00 meter
@@ -77,74 +77,74 @@ Simulation Metadata
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***RESERVOIR SIMULATION RESULTS***
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- Maximum Production Temperature: 166.8 degC
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- Average Production Temperature: 165.3 degC
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- Minimum Production Temperature: 154.7 degC
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- Initial Production Temperature: 164.9 degC
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- Average Reservoir Heat Extraction: 20.08 MW
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+ Maximum Production Temperature: 184.1 degC
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+ Average Production Temperature: 182.5 degC
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+ Minimum Production Temperature: 170.2 degC
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+ Initial Production Temperature: 181.8 degC
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+ Average Reservoir Heat Extraction: 23.03 MW
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Production Wellbore Heat Transmission Model = Ramey Model
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- Average Production Well Temperature Drop: 3.3 degC
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- Total Average Pressure Drop: 12829.5 kPa
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- Average Injection Well Pressure Drop: 304.1 kPa
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- Average Reservoir Pressure Drop: 14000.3 kPa
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- Average Production Well Pressure Drop: 309.7 kPa
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- Average Buoyancy Pressure Drop: -1784.6 kPa
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+ Average Production Well Temperature Drop: 4.1 degC
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+ Total Average Pressure Drop: 12378.0 kPa
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+ Average Injection Well Pressure Drop: 337.8 kPa
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+ Average Reservoir Pressure Drop: 14070.0 kPa
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+ Average Production Well Pressure Drop: 350.0 kPa
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+ Average Buoyancy Pressure Drop: -2379.9 kPa
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***CAPITAL COSTS (M$)***
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- Drilling and completion costs: 9.64 MUSD
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- Drilling and completion costs per vertical production well: 2.79 MUSD
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- Drilling and completion costs per vertical injection well: 2.79 MUSD
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+ Drilling and completion costs: 10.21 MUSD
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+ Drilling and completion costs per vertical production well: 3.06 MUSD
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+ Drilling and completion costs per vertical injection well: 3.06 MUSD
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Drilling and completion costs per non-vertical sections: 3.61 MUSD
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Stimulation costs: 1.51 MUSD
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- Surface power plant costs: 10.01 MUSD
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- Field gathering system costs: 1.53 MUSD
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- Total surface equipment costs: 11.54 MUSD
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- Exploration costs: 3.44 MUSD
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- Total capital costs: 26.14 MUSD
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+ Surface power plant costs: 12.64 MUSD
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+ Field gathering system costs: 1.52 MUSD
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+ Total surface equipment costs: 14.16 MUSD
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+ Exploration costs: 3.65 MUSD
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+ Total capital costs: 29.53 MUSD
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***OPERATING AND MAINTENANCE COSTS (M$/yr)***
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- Wellfield maintenance costs: 0.18 MUSD/yr
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- Power plant maintenance costs: 0.36 MUSD/yr
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+ Wellfield maintenance costs: 0.23 MUSD/yr
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+ Power plant maintenance costs: 0.53 MUSD/yr
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Water costs: 0.02 MUSD/yr
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- Total operating and maintenance costs: 0.56 MUSD/yr
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+ Total operating and maintenance costs: 0.78 MUSD/yr
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***SURFACE EQUIPMENT SIMULATION RESULTS***
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- Initial geofluid availability: 0.14 MW/(kg/s)
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- Maximum Total Electricity Generation: 2.58 MW
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- Average Total Electricity Generation: 2.52 MW
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- Minimum Total Electricity Generation: 2.08 MW
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- Initial Total Electricity Generation: 2.50 MW
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- Maximum Net Electricity Generation: 1.91 MW
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- Average Net Electricity Generation: 1.85 MW
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- Minimum Net Electricity Generation: 1.40 MW
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- Initial Net Electricity Generation: 1.83 MW
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- Average Annual Total Electricity Generation: 19.67 GWh
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- Average Annual Net Electricity Generation: 14.42 GWh
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- Initial pumping power/net installed power: 36.79 %
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- Average Pumping Power: 0.67 MW
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+ Initial geofluid availability: 0.16 MW/(kg/s)
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+ Maximum Total Electricity Generation: 3.36 MW
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+ Average Total Electricity Generation: 3.28 MW
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+ Minimum Total Electricity Generation: 2.73 MW
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+ Initial Total Electricity Generation: 3.25 MW
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+ Maximum Net Electricity Generation: 2.71 MW
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+ Average Net Electricity Generation: 2.63 MW
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+ Minimum Net Electricity Generation: 2.06 MW
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+ Initial Net Electricity Generation: 2.60 MW
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+ Average Annual Total Electricity Generation: 25.64 GWh
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+ Average Annual Net Electricity Generation: 20.58 GWh
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+ Initial pumping power/net installed power: 24.86 %
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+ Average Pumping Power: 0.65 MW
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************************************************************
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* HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE *
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************************************************************
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YEAR THERMAL GEOFLUID PUMP NET FIRST LAW
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DRAWDOWN TEMPERATURE POWER POWER EFFICIENCY
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(degC) (MW) (MW) (%)
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- 1 1.0000 164.87 0.6716 1.8255 9.1263
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- 2 1.0080 166.20 0.6713 1.8819 9.3032
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- 3 1.0097 166.47 0.6712 1.8937 9.3397
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- 4 1.0106 166.61 0.6712 1.8998 9.3587
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- 5 1.0111 166.71 0.6711 1.9039 9.3712
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- 6 1.0115 166.77 0.6711 1.9067 9.3798
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- 7 1.0115 166.77 0.6712 1.9066 9.3795
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- 8 1.0096 166.46 0.6715 1.8930 9.3368
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- 9 1.0014 165.11 0.6730 1.8338 9.1501
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- 10 0.9787 161.36 0.6770 1.6735 8.6261
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+ 1 1.0000 181.79 0.6470 2.6029 11.3571
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+ 2 1.0090 183.42 0.6465 2.6796 11.5513
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+ 3 1.0108 183.76 0.6464 2.6956 11.5913
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+ 4 1.0118 183.93 0.6464 2.7040 11.6121
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+ 5 1.0124 184.05 0.6463 2.7095 11.6258
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+ 6 1.0129 184.13 0.6463 2.7133 11.6353
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+ 7 1.0129 184.13 0.6464 2.7134 11.6354
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+ 8 1.0109 183.77 0.6469 2.6960 11.5914
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+ 9 1.0023 182.21 0.6489 2.6205 11.3981
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+ 10 0.9785 177.88 0.6543 2.4152 10.8550
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*******************************************************************
@@ -153,16 +153,16 @@ Simulation Metadata
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YEAR ELECTRICITY HEAT RESERVOIR PERCENTAGE OF
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PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED
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(GWh/year) (GWh/year) (10^15 J) (%)
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- 1 14.7 158.8 8.09 6.61
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- 2 14.9 159.7 7.51 13.25
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- 3 15.0 160.0 6.93 19.90
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- 4 15.0 160.1 6.36 26.56
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- 5 15.0 160.2 5.78 33.22
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- 6 15.0 160.3 5.20 39.88
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- 7 15.0 160.1 4.63 46.54
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- 8 14.7 159.1 4.06 53.16
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- 9 13.9 155.8 3.49 59.64
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- 10 11 .0 134.0 3.01 65.21
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+ 1 20.9 182.1 9.29 6.59
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+ 2 21.2 183.2 8.63 13.23
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+ 3 21.3 183.5 7.97 19.87
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+ 4 21.3 183.7 7.31 26.52
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+ 5 21.4 183.8 6.64 33.17
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+ 6 21.4 183.9 5.98 39.83
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+ 7 21.3 183.7 5.32 46.48
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+ 8 21.0 182.5 4.66 53.09
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+ 9 20.0 178.7 4.02 59.56
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+ 10 16 .0 153.6 3.47 65.13
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********************************
@@ -172,14 +172,13 @@ Year Electricity | Heat |
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Since Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | OPEX Net Rev. Net Cashflow
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Start (cents/kWh)(MUSD/yr) (MUSD) |(cents/kWh) (MUSD/yr) (MUSD) |(cents/kWh) (MUSD/yr) (MUSD) |(USD/tonne) (MUSD/yr) (MUSD) |(MUSD/yr) (MUSD/yr) (MUSD)
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________________________________________________________________________________________________________________________________________________________________________________________
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- 1 0.00 -26.14 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -26.14 -26.14
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- 2 15.00 1.64 2.20 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.64 -24.50
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- 3 15.00 1.67 4.44 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.67 -22.83
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- 4 15.41 1.74 6.74 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.74 -21.09
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- 5 15.81 1.81 9.11 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.81 -19.28
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- 6 16.22 1.87 11.55 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.87 -17.41
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- 7 16.62 1.94 14.05 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.94 -15.47
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- 8 17.03 1.99 16.60 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.99 -13.48
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- 9 17.43 2.01 19.17 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 2.01 -11.48
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- 10 17.84 1.92 21.65 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.56 1.92 -9.56
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+ 1 0.00 -29.53 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -29.53 -29.53
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+ 2 15.00 2.36 3.14 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.36 -27.17
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+ 3 15.00 2.40 6.32 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.40 -24.77
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+ 4 15.41 2.50 9.60 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.50 -22.27
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+ 5 15.81 2.59 12.97 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.59 -19.68
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+ 6 16.22 2.69 16.44 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.69 -16.99
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+ 7 16.62 2.78 19.99 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.78 -14.21
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+ 8 17.03 2.85 23.63 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.85 -11.36
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+ 9 17.43 2.88 27.29 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.88 -8.47
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+ 10 17.84 2.78 30.85 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.78 2.78 -5.69
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