|
| 1 | + ***************** |
| 2 | + ***CASE REPORT*** |
| 3 | + ***************** |
| 4 | + |
| 5 | +Simulation Metadata |
| 6 | +---------------------- |
| 7 | + GEOPHIRES Version: 3.5.3 |
| 8 | + Simulation Date: 2024-09-18 |
| 9 | + Simulation Time: 09:42 |
| 10 | + Calculation Time: 0.673 sec |
| 11 | + |
| 12 | + ***SUMMARY OF RESULTS*** |
| 13 | + |
| 14 | + End-Use Option: Electricity |
| 15 | + Average Net Electricity Production: 88.50 MW |
| 16 | + Electricity breakeven price: 8.75 cents/kWh |
| 17 | + Number of production wells: 12 |
| 18 | + Number of injection wells: 12 |
| 19 | + Flowrate per production well: 98.0 kg/sec |
| 20 | + Well depth (or total length, if not vertical): 2.6 kilometer |
| 21 | + Geothermal gradient: 73 degC/km |
| 22 | + |
| 23 | + |
| 24 | + ***ECONOMIC PARAMETERS*** |
| 25 | + |
| 26 | + Economic Model = BICYCLE |
| 27 | + Accrued financing during construction: 5.00 |
| 28 | + Project lifetime: 15 yr |
| 29 | + Capacity factor: 90.0 % |
| 30 | + Project NPV: 566.32 MUSD |
| 31 | + Project IRR: 20.97 % |
| 32 | + Project VIR=PI=PIR: 2.17 |
| 33 | + Project MOIC: 1.87 |
| 34 | + Project Payback Period: 5.67 yr |
| 35 | + Estimated Jobs Created: 226 |
| 36 | + |
| 37 | + ***ENGINEERING PARAMETERS*** |
| 38 | + |
| 39 | + Number of Production Wells: 12 |
| 40 | + Number of Injection Wells: 12 |
| 41 | + Well depth (or total length, if not vertical): 2.6 kilometer |
| 42 | + Water loss rate: 2.0 |
| 43 | + Pump efficiency: 80.0 |
| 44 | + Injection temperature: 56.2 degC |
| 45 | + Production Wellbore heat transmission calculated with Ramey's model |
| 46 | + Average production well temperature drop: 1.9 degC |
| 47 | + Flowrate per production well: 98.0 kg/sec |
| 48 | + Injection well casing ID: 8.000 in |
| 49 | + Production well casing ID: 8.000 in |
| 50 | + Number of times redrilling: 0 |
| 51 | + Power plant type: Supercritical ORC |
| 52 | + |
| 53 | + |
| 54 | + ***RESOURCE CHARACTERISTICS*** |
| 55 | + |
| 56 | + Maximum reservoir temperature: 400.0 degC |
| 57 | + Number of segments: 1 |
| 58 | + Geothermal gradient: 73 degC/km |
| 59 | + |
| 60 | + |
| 61 | + ***RESERVOIR PARAMETERS*** |
| 62 | + |
| 63 | + Reservoir Model = Multiple Parallel Fractures Model |
| 64 | + Bottom-hole temperature: 199.13 degC |
| 65 | + Fracture model = Rectangular |
| 66 | + Well separation: fracture height: 300.00 meter |
| 67 | + Fracture width: 2400.00 meter |
| 68 | + Fracture area: 720000.00 m**2 |
| 69 | + Reservoir volume calculated with fracture separation and number of fractures as input |
| 70 | + Number of fractures: 100.00 |
| 71 | + Fracture separation: 15.00 meter |
| 72 | + Reservoir volume: 1069200000 m**3 |
| 73 | + Reservoir impedance: 0.01 GPa.s/m**3 |
| 74 | + Reservoir density: 2800.00 kg/m**3 |
| 75 | + Reservoir thermal conductivity: 2.70 W/m/K |
| 76 | + Reservoir heat capacity: 1000.00 J/kg/K |
| 77 | + |
| 78 | + |
| 79 | + ***RESERVOIR SIMULATION RESULTS*** |
| 80 | + |
| 81 | + Maximum Production Temperature: 197.2 degC |
| 82 | + Average Production Temperature: 193.7 degC |
| 83 | + Minimum Production Temperature: 172.9 degC |
| 84 | + Initial Production Temperature: 195.9 degC |
| 85 | + Average Reservoir Heat Extraction: 676.81 MW |
| 86 | + Production Wellbore Heat Transmission Model = Ramey Model |
| 87 | + Average Production Well Temperature Drop: 1.9 degC |
| 88 | + Total Average Pressure Drop: 11791.7 kPa |
| 89 | + Average Injection Well Pressure Drop: 1038.6 kPa |
| 90 | + Average Reservoir Pressure Drop: 12337.1 kPa |
| 91 | + Average Production Well Pressure Drop: 1100.8 kPa |
| 92 | + Average Buoyancy Pressure Drop: -2684.7 kPa |
| 93 | + |
| 94 | + |
| 95 | + ***CAPITAL COSTS (M$)*** |
| 96 | + |
| 97 | + Drilling and completion costs: 115.20 MUSD |
| 98 | + Drilling and completion costs per well: 4.80 MUSD |
| 99 | + Stimulation costs: 10.00 MUSD |
| 100 | + Surface power plant costs: 334.63 MUSD |
| 101 | + Field gathering system costs: 23.00 MUSD |
| 102 | + Total surface equipment costs: 357.63 MUSD |
| 103 | + Exploration costs: 0.00 MUSD |
| 104 | + Total capital costs: 482.83 MUSD |
| 105 | + |
| 106 | + |
| 107 | + ***OPERATING AND MAINTENANCE COSTS (M$/yr)*** |
| 108 | + |
| 109 | + Wellfield maintenance costs: 2.06 MUSD/yr |
| 110 | + Power plant maintenance costs: 7.06 MUSD/yr |
| 111 | + Water costs: 0.62 MUSD/yr |
| 112 | + Total operating and maintenance costs: 9.74 MUSD/yr |
| 113 | + |
| 114 | + |
| 115 | + ***SURFACE EQUIPMENT SIMULATION RESULTS*** |
| 116 | + |
| 117 | + Initial geofluid availability: 0.18 MW/(kg/s) |
| 118 | + Maximum Total Electricity Generation: 111.10 MW |
| 119 | + Average Total Electricity Generation: 106.32 MW |
| 120 | + Minimum Total Electricity Generation: 78.86 MW |
| 121 | + Initial Total Electricity Generation: 109.33 MW |
| 122 | + Maximum Net Electricity Generation: 93.42 MW |
| 123 | + Average Net Electricity Generation: 88.50 MW |
| 124 | + Minimum Net Electricity Generation: 60.25 MW |
| 125 | + Initial Net Electricity Generation: 91.64 MW |
| 126 | + Average Annual Total Electricity Generation: 833.28 GWh |
| 127 | + Average Annual Net Electricity Generation: 693.77 GWh |
| 128 | + Initial pumping power/net installed power: 19.31 % |
| 129 | + Average Pumping Power: 17.82 MW |
| 130 | + |
| 131 | + ************************************************************ |
| 132 | + * HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * |
| 133 | + ************************************************************ |
| 134 | + YEAR THERMAL GEOFLUID PUMP NET FIRST LAW |
| 135 | + DRAWDOWN TEMPERATURE POWER POWER EFFICIENCY |
| 136 | + (degC) (MW) (MW) (%) |
| 137 | + 1 1.0000 195.90 17.6929 91.6401 13.3222 |
| 138 | + 2 1.0044 196.77 17.6844 92.8580 13.4160 |
| 139 | + 3 1.0053 196.94 17.6826 93.1066 13.4351 |
| 140 | + 4 1.0058 197.03 17.6817 93.2356 13.4449 |
| 141 | + 5 1.0061 197.10 17.6812 93.3206 13.4514 |
| 142 | + 6 1.0063 197.14 17.6808 93.3814 13.4561 |
| 143 | + 7 1.0064 197.16 17.6809 93.4146 13.4586 |
| 144 | + 8 1.0063 197.14 17.6827 93.3794 13.4558 |
| 145 | + 9 1.0055 196.99 17.6895 93.1598 13.4387 |
| 146 | + 10 1.0033 196.55 17.7077 92.5261 13.3891 |
| 147 | + 11 0.9983 195.57 17.7471 91.1195 13.2784 |
| 148 | + 12 0.9889 193.72 17.8205 88.4867 13.0678 |
| 149 | + 13 0.9733 190.67 17.9403 84.1709 12.7128 |
| 150 | + 14 0.9500 186.11 18.1160 77.8405 12.1687 |
| 151 | + 15 0.9183 179.90 18.3503 69.4176 11.3970 |
| 152 | + |
| 153 | + |
| 154 | + ******************************************************************* |
| 155 | + * ANNUAL HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * |
| 156 | + ******************************************************************* |
| 157 | + YEAR ELECTRICITY HEAT RESERVOIR PERCENTAGE OF |
| 158 | + PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED |
| 159 | + (GWh/year) (GWh/year) (10^15 J) (%) |
| 160 | + 1 728.7 5444.9 387.93 4.81 |
| 161 | + 2 733.2 5460.8 368.28 9.63 |
| 162 | + 3 734.6 5465.6 348.60 14.46 |
| 163 | + 4 735.4 5468.5 328.91 19.29 |
| 164 | + 5 736.0 5470.5 309.22 24.12 |
| 165 | + 6 736.4 5471.8 289.52 28.96 |
| 166 | + 7 736.4 5472.0 269.82 33.79 |
| 167 | + 8 735.5 5468.9 250.13 38.62 |
| 168 | + 9 732.3 5458.1 230.48 43.44 |
| 169 | + 10 724.6 5431.5 210.93 48.24 |
| 170 | + 11 709.0 5377.7 191.57 52.99 |
| 171 | + 12 681.8 5283.6 172.55 57.66 |
| 172 | + 13 640.0 5136.7 154.06 62.20 |
| 173 | + 14 581.8 4928.0 136.32 66.55 |
| 174 | + 15 460.8 4203.2 121.18 70.26 |
| 175 | + |
| 176 | + |
| 177 | + ******************************** |
| 178 | + * REVENUE & CASHFLOW PROFILE * |
| 179 | + ******************************** |
| 180 | +Year Electricity | Heat | Cooling | Carbon | Project |
| 181 | +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 |
| 182 | +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) |
| 183 | +________________________________________________________________________________________________________________________________________________________________________________________ |
| 184 | + 1 0.00 -482.83 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -482.83 -482.83 |
| 185 | + 2 15.00 99.57 109.30 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 99.57 -383.26 |
| 186 | + 3 15.00 100.24 219.29 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 100.24 -283.02 |
| 187 | + 4 15.41 103.43 332.45 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 103.43 -179.58 |
| 188 | + 5 15.81 106.54 448.73 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 106.54 -73.05 |
| 189 | + 6 16.22 109.61 568.08 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 109.61 36.57 |
| 190 | + 7 16.62 112.66 690.47 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 112.66 149.23 |
| 191 | + 8 17.03 115.65 815.86 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 115.65 264.88 |
| 192 | + 9 17.43 118.48 944.07 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 118.48 383.35 |
| 193 | + 10 17.84 120.89 1074.70 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 120.89 504.25 |
| 194 | + 11 18.24 122.44 1206.88 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 122.44 626.69 |
| 195 | + 12 18.65 122.47 1339.09 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 122.47 749.16 |
| 196 | + 13 19.05 120.18 1469.00 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 120.18 869.34 |
| 197 | + 14 19.46 114.80 1593.54 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 114.80 984.14 |
| 198 | + 15 19.86 105.83 1709.11 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 9.74 105.83 1089.97 |
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