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Fervo_Project_Cape-3 stimulation cost estimate
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‎tests/examples/Fervo_Project_Cape-3.out

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@@ -5,15 +5,15 @@
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Simulation Metadata
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----------------------
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GEOPHIRES Version: 3.6.0
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Simulation Date: 2024-10-04
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Simulation Time: 13:05
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Calculation Time: 0.650 sec
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Simulation Date: 2024-10-15
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Simulation Time: 12:15
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Calculation Time: 0.688 sec
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***SUMMARY OF RESULTS***
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End-Use Option: Electricity
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Average Net Electricity Production: 406.69 MW
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Electricity breakeven price: 5.43 cents/kWh
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Electricity breakeven price: 5.63 cents/kWh
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Number of production wells: 39
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Number of injection wells: 39
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Flowrate per production well: 120.0 kg/sec
@@ -27,11 +27,11 @@ Simulation Metadata
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Accrued financing during construction: 5.00
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Project lifetime: 15 yr
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Capacity factor: 90.0 %
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Project NPV: 3562.77 MUSD
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Project IRR: 34.21 %
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Project VIR=PI=PIR: 3.57
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Project MOIC: 3.74
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Project Payback Period: 4.02 yr
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Project NPV: 3504.77 MUSD
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Project IRR: 32.85 %
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Project VIR=PI=PIR: 3.42
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Project MOIC: 3.59
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Project Payback Period: 4.15 yr
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Estimated Jobs Created: 975
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***ENGINEERING PARAMETERS***
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Drilling and completion costs: 312.00 MUSD
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Drilling and completion costs per well: 4.00 MUSD
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Stimulation costs: 20.00 MUSD
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Stimulation costs: 78.00 MUSD
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Surface power plant costs: 987.05 MUSD
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Field gathering system costs: 68.76 MUSD
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Total surface equipment costs: 1055.81 MUSD
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Exploration costs: 0.00 MUSD
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Total capital costs: 1387.81 MUSD
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Total capital costs: 1445.81 MUSD
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***OPERATING AND MAINTENANCE COSTS (M$/yr)***
@@ -181,18 +181,18 @@ 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 -1387.81 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -1387.81 -1387.81
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2 15.00 452.58 477.29 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 452.58 -935.23
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3 15.00 454.77 956.77 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 454.77 -480.46
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4 15.41 468.43 1449.91 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 468.43 -12.02
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5 15.81 481.84 1956.45 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 481.84 469.82
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6 16.22 495.13 2476.30 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 495.13 964.95
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7 16.62 508.37 3009.37 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 508.37 1473.32
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8 17.03 521.57 3555.65 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 521.57 1994.89
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9 17.43 534.74 4115.10 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 534.74 2529.64
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10 17.84 547.90 4687.71 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 547.90 3077.54
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11 18.24 561.05 5273.46 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 561.05 3638.58
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12 18.65 574.18 5872.35 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 574.18 4212.76
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13 19.05 587.31 6484.36 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 587.31 4800.07
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14 19.46 600.43 7109.50 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 600.43 5400.49
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15 19.86 613.54 7747.74 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 613.54 6014.03
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1 0.00 -1445.81 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -1445.81 -1445.81
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2 15.00 452.58 477.29 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 452.58 -993.23
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3 15.00 454.77 956.77 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 454.77 -538.46
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4 15.41 468.43 1449.91 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 468.43 -70.02
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5 15.81 481.84 1956.45 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 481.84 411.82
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6 16.22 495.13 2476.30 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 495.13 906.95
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7 16.62 508.37 3009.37 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 508.37 1415.32
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8 17.03 521.57 3555.65 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 521.57 1936.89
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9 17.43 534.74 4115.10 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 534.74 2471.64
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10 17.84 547.90 4687.71 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 547.90 3019.54
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11 18.24 561.05 5273.46 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 561.05 3580.58
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12 18.65 574.18 5872.35 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 574.18 4154.76
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13 19.05 587.31 6484.36 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 587.31 4742.07
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14 19.46 600.43 7109.50 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 600.43 5342.49
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15 19.86 613.54 7747.74 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 24.71 613.54 5956.03

‎tests/examples/Fervo_Project_Cape-3.txt

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@@ -46,7 +46,7 @@ Circulation Pump Efficiency, 0.80
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Exploration Capital Cost, 0
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Well Drilling and Completion Capital Cost, 4, -- Assume cost continues to decrease from 4.8 (https://houston.innovationmap.com/fervo-energy-drilling-utah-project-2667300142.html)
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Reservoir Stimulation Capital Cost, 20
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Reservoir Stimulation Capital Cost, 78, -- $1M/well estimated
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Economic Model, 3
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Starting Electricity Sale Price, 0.15
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Ending Electricity Sale Price, 1.00

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