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Simulation Metadata
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----------------------
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- GEOPHIRES Version: 3.4.34
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- Simulation Date: 2024-06-19
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- Simulation Time: 07:42
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- Calculation Time: 0.336 sec
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+ GEOPHIRES Version: 3.4.42
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+ Simulation Date: 2024-07-17
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+ Simulation Time: 11:19
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+ Calculation Time: 0.353 sec
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***SUMMARY OF RESULTS***
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End-Use Option: Electricity
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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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+ Average Net Electricity Production: 2.08 MW
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+ Electricity breakeven price: 27.85 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
@@ -27,28 +27,28 @@ Simulation Metadata
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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: -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 NPV: -12.65 MUSD
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+ Project IRR: -5.39 %
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+ Project VIR=PI=PIR: 0.53
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+ Project MOIC: -0.21
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Project Payback Period: N/A
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- Estimated Jobs Created: 7
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+ Estimated Jobs Created: 6
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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): 2.3 kilometer
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- Water loss rate: 2 .0
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+ Water loss rate: 10 .0
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Pump efficiency: 80.0
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- Injection temperature: 48 .0 degC
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+ Injection temperature: 41 .0 degC
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Production Wellbore heat transmission calculated with Ramey's model
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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
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Number of times redrilling: 0
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- Power plant type: Supercritical ORC
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+ Power plant type: Subcritical ORC
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***RESOURCE CHARACTERISTICS***
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***RESERVOIR SIMULATION RESULTS***
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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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+ Average Production Temperature: 182.4 degC
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+ Minimum Production Temperature: 169.6 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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+ Average Reservoir Heat Extraction: 24.20 MW
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Production Wellbore Heat Transmission Model = Ramey Model
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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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+ Total Average Pressure Drop: 12325.6 kPa
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+ Average Injection Well Pressure Drop: 392.5 kPa
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+ Average Reservoir Pressure Drop: 14029.4 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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+ Average Buoyancy Pressure Drop: -2446.4 kPa
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***CAPITAL COSTS (M$)***
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Drilling and completion costs per vertical injection well: 3.06 MUSD
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Drilling and completion costs per non-vertical sections: 3.61 MUSD
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Stimulation costs: 1.51 MUSD
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- Surface power plant costs: 12.64 MUSD
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- Field gathering system costs: 1.52 MUSD
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- Total surface equipment costs: 14.16 MUSD
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+ Surface power plant costs: 9.85 MUSD
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+ Field gathering system costs: 1.55 MUSD
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+ Total surface equipment costs: 11.40 MUSD
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Exploration costs: 3.65 MUSD
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- Total capital costs: 29.53 MUSD
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+ Total capital costs: 26.77 MUSD
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***OPERATING AND MAINTENANCE COSTS (M$/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: 0.78 MUSD/yr
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+ Wellfield maintenance costs: 0.20 MUSD/yr
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+ Power plant maintenance costs: 0.41 MUSD/yr
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+ Water costs: 0.11 MUSD/yr
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+ Total operating and maintenance costs: 0.72 MUSD/yr
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***SURFACE EQUIPMENT SIMULATION RESULTS***
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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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+ Maximum Total Electricity Generation: 2.85 MW
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+ Average Total Electricity Generation: 2.77 MW
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+ Minimum Total Electricity Generation: 2.22 MW
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+ Initial Total Electricity Generation: 2.74 MW
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+ Maximum Net Electricity Generation: 2.16 MW
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+ Average Net Electricity Generation: 2.08 MW
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+ Minimum Net Electricity Generation: 1.50 MW
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+ Initial Net Electricity Generation: 2.05 MW
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+ Average Annual Total Electricity Generation: 21.67 GWh
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+ Average Annual Net Electricity Generation: 16.26 GWh
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+ Initial pumping power/net installed power: 33.79 %
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+ Average Pumping Power: 0.69 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 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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+ 1 1.0000 181.78 0.6927 2.0502 8.5097
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+ 2 1.0090 183.41 0.6921 2.1272 8.7283
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+ 3 1.0108 183.75 0.6920 2.1434 8.7738
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+ 4 1.0118 183.93 0.6920 2.1518 8.7974
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+ 5 1.0124 184.04 0.6919 2.1574 8.8131
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+ 6 1.0129 184.12 0.6919 2.1612 8.8239
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+ 7 1.0129 184.13 0.6920 2.1612 8.8237
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+ 8 1.0108 183.75 0.6925 2.1430 8.7720
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+ 9 1.0019 182.13 0.6948 2.0640 8.5463
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+ 10 0.9771 177.63 0.7009 1.8532 7.9258
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*******************************************************************
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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 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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+ 1 16.6 191.4 9.75 6.60
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+ 2 16.8 192.4 9.06 13.23
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+ 3 16.9 192.7 8.36 19.88
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+ 4 17.0 192.9 7.67 26.53
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+ 5 17.0 193.1 6.97 33.19
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+ 6 17.0 193.1 6.28 39.85
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+ 7 17.0 192.9 5.58 46.50
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+ 8 16.6 191.7 4.89 53.12
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+ 9 15.6 187.8 4.22 59.59
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+ 10 12 .0 161.5 3.64 65.16
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********************************
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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 -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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+ 1 0.00 -26.77 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -26.77 -26.77
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+ 2 15.00 1.77 2.48 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 1.77 -25.00
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+ 3 15.00 1.81 5.01 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 1.81 -23.20
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+ 4 15.41 1.89 7.62 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 1.89 -21.30
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+ 5 15.81 1.97 10.30 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 1.97 -19.34
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+ 6 16.22 2.04 13.07 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 2.04 -17.29
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+ 7 16.62 2.11 15.90 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 2.11 -15.18
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+ 8 17.03 2.17 18.79 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 2.17 -13.01
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+ 9 17.43 2.18 21.69 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 2.18 -10.82
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+ 10 17.84 2.06 24.47 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.72 2.06 -8.77
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