|
| 1 | + ***************** |
| 2 | + ***CASE REPORT*** |
| 3 | + ***************** |
| 4 | + |
| 5 | +Simulation Metadata |
| 6 | +---------------------- |
| 7 | + GEOPHIRES Version: 3.4.28 |
| 8 | + GEOPHIRES Build Date: 2024-03-05 |
| 9 | + Simulation Date: 2024-05-06 |
| 10 | + Simulation Time: 09:14 |
| 11 | + Calculation Time: 0.675 sec |
| 12 | + |
| 13 | + ***SUMMARY OF RESULTS*** |
| 14 | + |
| 15 | + End-Use Option: Electricity |
| 16 | + Average Net Electricity Production: 2.45 MW |
| 17 | + Electricity breakeven price: 40.19 cents/kWh |
| 18 | + Number of production wells: 1 |
| 19 | + Number of injection wells: 1 |
| 20 | + Flowrate per production well: 63.0 kg/sec |
| 21 | + Well depth (or total length, if not vertical): 2.3 kilometer |
| 22 | + Geothermal gradient: 0.0680 degC/m |
| 23 | + |
| 24 | + |
| 25 | + ***ECONOMIC PARAMETERS*** |
| 26 | + |
| 27 | + Economic Model = Fixed Charge Rate (FCR) |
| 28 | + Fixed Charge Rate (FCR): 5.00 |
| 29 | + Accrued financing during construction: 0.00 |
| 30 | + Project lifetime: 30 yr |
| 31 | + Capacity factor: 90.0 % |
| 32 | + Project NPV: -131.75 MUSD |
| 33 | + Project IRR: 0.00 % |
| 34 | + Project VIR=PI=PIR: -0.03 |
| 35 | + Project MOIC: -0.81 |
| 36 | + Project Payback Period: N/A |
| 37 | + |
| 38 | + ***ENGINEERING PARAMETERS*** |
| 39 | + |
| 40 | + Number of Production Wells: 1 |
| 41 | + Number of Injection Wells: 1 |
| 42 | + Well depth (or total length, if not vertical): 2.3 kilometer |
| 43 | + Water loss rate: 2.0 |
| 44 | + Pump efficiency: 80.0 |
| 45 | + Injection temperature: 50.0 degC |
| 46 | + Production Wellbore heat transmission calculated with Ramey's model |
| 47 | + Average production well temperature drop: 2.2 degC |
| 48 | + Flowrate per production well: 63.0 kg/sec |
| 49 | + Injection well casing ID: 7.000 in |
| 50 | + Production well casing ID: 7.000 in |
| 51 | + Number of times redrilling: 0 |
| 52 | + Power plant type: Single-Flash |
| 53 | + |
| 54 | + |
| 55 | + ***RESOURCE CHARACTERISTICS*** |
| 56 | + |
| 57 | + Maximum reservoir temperature: 500.0 degC |
| 58 | + Number of segments: 1 |
| 59 | + Geothermal gradient: 0.0680 degC/m |
| 60 | + |
| 61 | + |
| 62 | + ***RESERVOIR PARAMETERS*** |
| 63 | + |
| 64 | + Reservoir Model = Multiple Parallel Fractures Model |
| 65 | + Bottom-hole temperature: 179.60 degC |
| 66 | + Fracture model = Square |
| 67 | + Well separation: fracture height: 900.00 meter |
| 68 | + Fracture area: 810000.00 m**2 |
| 69 | + Reservoir volume: 1000000000 m**3 |
| 70 | + Reservoir hydrostatic pressure: 22750.31 kPa |
| 71 | + Plant outlet pressure: 100.00 kPa |
| 72 | + Injectivity Index: 5.00 kg/sec/bar |
| 73 | + Reservoir density: 2700.00 kg/m**3 |
| 74 | + Reservoir thermal conductivity: 2.70 W/m/K |
| 75 | + Reservoir heat capacity: 1000.00 J/kg/K |
| 76 | + |
| 77 | + |
| 78 | + ***RESERVOIR SIMULATION RESULTS*** |
| 79 | + |
| 80 | + Maximum Production Temperature: 177.6 degC |
| 81 | + Average Production Temperature: 177.4 degC |
| 82 | + Minimum Production Temperature: 176.1 degC |
| 83 | + Initial Production Temperature: 176.1 degC |
| 84 | + Average Reservoir Heat Extraction: 32.92 MW |
| 85 | + Production Wellbore Heat Transmission Model = Ramey Model |
| 86 | + Average Production Well Temperature Drop: 2.2 degC |
| 87 | + Average Injection Well Pump Pressure Drop: 1375.6 kPa |
| 88 | + |
| 89 | + |
| 90 | + ***CAPITAL COSTS (M$)*** |
| 91 | + |
| 92 | + Drilling and completion costs: 80.00 MUSD |
| 93 | + Drilling and completion costs per well: 40.00 MUSD |
| 94 | + Stimulation costs: 1.51 MUSD |
| 95 | + Surface power plant costs: 13.37 MUSD |
| 96 | + Field gathering system costs: 1.16 MUSD |
| 97 | + Total surface equipment costs: 14.53 MUSD |
| 98 | + Exploration costs: 32.20 MUSD |
| 99 | + Total capital costs: 128.24 MUSD |
| 100 | + Annualized capital costs: 6.41 MUSD |
| 101 | + |
| 102 | + |
| 103 | + ***OPERATING AND MAINTENANCE COSTS (M$/yr)*** |
| 104 | + |
| 105 | + Wellfield maintenance costs: 0.88 MUSD/yr |
| 106 | + Power plant maintenance costs: 0.41 MUSD/yr |
| 107 | + Water costs: 0.03 MUSD/yr |
| 108 | + Total operating and maintenance costs: 1.32 MUSD/yr |
| 109 | + |
| 110 | + |
| 111 | + ***SURFACE EQUIPMENT SIMULATION RESULTS*** |
| 112 | + |
| 113 | + Initial geofluid availability: 0.13 MW/(kg/s) |
| 114 | + Maximum Total Electricity Generation: 2.57 MW |
| 115 | + Average Total Electricity Generation: 2.56 MW |
| 116 | + Minimum Total Electricity Generation: 2.52 MW |
| 117 | + Initial Total Electricity Generation: 2.52 MW |
| 118 | + Maximum Net Electricity Generation: 2.46 MW |
| 119 | + Average Net Electricity Generation: 2.45 MW |
| 120 | + Minimum Net Electricity Generation: 2.41 MW |
| 121 | + Initial Net Electricity Generation: 2.41 MW |
| 122 | + Average Annual Total Electricity Generation: 20.10 GWh |
| 123 | + Average Annual Net Electricity Generation: 19.24 GWh |
| 124 | + Initial pumping power/net installed power: 4.53 % |
| 125 | + Average Pumping Power: 0.11 MW |
| 126 | + |
| 127 | + ************************************************************ |
| 128 | + * HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * |
| 129 | + ************************************************************ |
| 130 | + YEAR THERMAL GEOFLUID PUMP NET FIRST LAW |
| 131 | + DRAWDOWN TEMPERATURE POWER POWER EFFICIENCY |
| 132 | + (degC) (MW) (MW) (%) |
| 133 | + 1 1.0000 176.14 0.1090 2.4091 7.3909 |
| 134 | + 2 1.0039 176.84 0.1090 2.4340 7.4263 |
| 135 | + 3 1.0051 177.04 0.1090 2.4412 7.4365 |
| 136 | + 4 1.0057 177.14 0.1090 2.4449 7.4417 |
| 137 | + 5 1.0061 177.21 0.1090 2.4474 7.4452 |
| 138 | + 6 1.0063 177.26 0.1090 2.4492 7.4478 |
| 139 | + 7 1.0066 177.30 0.1090 2.4506 7.4499 |
| 140 | + 8 1.0068 177.33 0.1090 2.4518 7.4515 |
| 141 | + 9 1.0069 177.36 0.1090 2.4528 7.4529 |
| 142 | + 10 1.0070 177.38 0.1090 2.4536 7.4541 |
| 143 | + 11 1.0072 177.40 0.1090 2.4544 7.4552 |
| 144 | + 12 1.0073 177.42 0.1090 2.4551 7.4561 |
| 145 | + 13 1.0074 177.44 0.1090 2.4557 7.4570 |
| 146 | + 14 1.0074 177.45 0.1090 2.4562 7.4578 |
| 147 | + 15 1.0075 177.47 0.1090 2.4567 7.4585 |
| 148 | + 16 1.0076 177.48 0.1090 2.4572 7.4591 |
| 149 | + 17 1.0077 177.49 0.1090 2.4576 7.4597 |
| 150 | + 18 1.0077 177.50 0.1090 2.4580 7.4603 |
| 151 | + 19 1.0078 177.51 0.1090 2.4583 7.4608 |
| 152 | + 20 1.0078 177.52 0.1090 2.4587 7.4613 |
| 153 | + 21 1.0079 177.53 0.1090 2.4590 7.4617 |
| 154 | + 22 1.0079 177.54 0.1090 2.4593 7.4621 |
| 155 | + 23 1.0080 177.55 0.1090 2.4596 7.4626 |
| 156 | + 24 1.0080 177.55 0.1090 2.4599 7.4629 |
| 157 | + 25 1.0081 177.56 0.1090 2.4601 7.4633 |
| 158 | + 26 1.0081 177.57 0.1090 2.4604 7.4637 |
| 159 | + 27 1.0081 177.58 0.1090 2.4606 7.4640 |
| 160 | + 28 1.0082 177.58 0.1090 2.4608 7.4643 |
| 161 | + 29 1.0082 177.59 0.1090 2.4611 7.4646 |
| 162 | + 30 1.0082 177.59 0.1090 2.4613 7.4649 |
| 163 | + |
| 164 | + |
| 165 | + ******************************************************************* |
| 166 | + * ANNUAL HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * |
| 167 | + ******************************************************************* |
| 168 | + YEAR ELECTRICITY HEAT RESERVOIR PERCENTAGE OF |
| 169 | + PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED |
| 170 | + (GWh/year) (GWh/year) (10^15 J) (%) |
| 171 | + 1 19.1 257.8 348.98 0.27 |
| 172 | + 2 19.2 258.6 348.05 0.53 |
| 173 | + 3 19.3 258.9 347.12 0.80 |
| 174 | + 4 19.3 259.1 346.19 1.06 |
| 175 | + 5 19.3 259.2 345.25 1.33 |
| 176 | + 6 19.3 259.3 344.32 1.60 |
| 177 | + 7 19.3 259.4 343.38 1.86 |
| 178 | + 8 19.3 259.4 342.45 2.13 |
| 179 | + 9 19.3 259.5 341.52 2.40 |
| 180 | + 10 19.3 259.5 340.58 2.67 |
| 181 | + 11 19.4 259.6 339.65 2.93 |
| 182 | + 12 19.4 259.6 338.71 3.20 |
| 183 | + 13 19.4 259.6 337.78 3.47 |
| 184 | + 14 19.4 259.7 336.84 3.73 |
| 185 | + 15 19.4 259.7 335.91 4.00 |
| 186 | + 16 19.4 259.7 334.97 4.27 |
| 187 | + 17 19.4 259.7 334.04 4.54 |
| 188 | + 18 19.4 259.8 333.10 4.80 |
| 189 | + 19 19.4 259.8 332.17 5.07 |
| 190 | + 20 19.4 259.8 331.23 5.34 |
| 191 | + 21 19.4 259.8 330.30 5.60 |
| 192 | + 22 19.4 259.8 329.36 5.87 |
| 193 | + 23 19.4 259.9 328.43 6.14 |
| 194 | + 24 19.4 259.9 327.49 6.41 |
| 195 | + 25 19.4 259.9 326.56 6.67 |
| 196 | + 26 19.4 259.9 325.62 6.94 |
| 197 | + 27 19.4 259.9 324.68 7.21 |
| 198 | + 28 19.4 259.9 323.75 7.48 |
| 199 | + 29 19.4 259.9 322.81 7.74 |
| 200 | + 30 16.2 216.6 322.03 7.97 |
| 201 | + |
| 202 | + |
| 203 | + ******************************** |
| 204 | + * REVENUE & CASHFLOW PROFILE * |
| 205 | + ******************************** |
| 206 | +Year Electricity | Heat | Cooling | Carbon | Project |
| 207 | +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 |
| 208 | +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) |
| 209 | +________________________________________________________________________________________________________________________________________________________________________________________ |
| 210 | + 1 0.00 -128.24 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -128.24 -128.24 |
| 211 | + 2 5.50 -0.27 1.05 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.27 -128.51 |
| 212 | + 3 5.50 -0.27 2.11 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.27 -128.78 |
| 213 | + 4 5.50 -0.26 3.17 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -129.04 |
| 214 | + 5 5.50 -0.26 4.23 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -129.30 |
| 215 | + 6 5.50 -0.26 5.29 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -129.56 |
| 216 | + 7 5.50 -0.26 6.35 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -129.82 |
| 217 | + 8 5.50 -0.26 7.41 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -130.08 |
| 218 | + 9 5.50 -0.26 8.48 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -130.34 |
| 219 | + 10 5.50 -0.26 9.54 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -130.60 |
| 220 | + 11 5.50 -0.26 10.61 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -130.86 |
| 221 | + 12 5.50 -0.26 11.67 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -131.12 |
| 222 | + 13 5.50 -0.26 12.74 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -131.37 |
| 223 | + 14 5.50 -0.26 13.80 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -131.63 |
| 224 | + 15 5.50 -0.26 14.87 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -131.89 |
| 225 | + 16 5.50 -0.26 15.93 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -132.15 |
| 226 | + 17 5.50 -0.26 17.00 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -132.40 |
| 227 | + 18 5.50 -0.26 18.06 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -132.66 |
| 228 | + 19 5.50 -0.26 19.13 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -132.92 |
| 229 | + 20 5.50 -0.26 20.19 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -133.17 |
| 230 | + 21 5.50 -0.26 21.26 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -133.43 |
| 231 | + 22 5.50 -0.26 22.33 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -133.69 |
| 232 | + 23 5.50 -0.26 23.39 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -133.94 |
| 233 | + 24 5.50 -0.26 24.46 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -134.20 |
| 234 | + 25 5.50 -0.26 25.53 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -134.45 |
| 235 | + 26 5.50 -0.26 26.59 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -134.71 |
| 236 | + 27 5.50 -0.26 27.66 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -134.96 |
| 237 | + 28 5.50 -0.26 28.73 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -135.22 |
| 238 | + 29 5.50 -0.26 29.79 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -135.48 |
| 239 | + 30 5.50 -0.26 30.86 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.32 -0.26 -135.73 |
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