***************** ***CASE REPORT*** ***************** Simulation Metadata ---------------------- GEOPHIRES Version: 3.4.28 GEOPHIRES Build Date: 2024-03-05 Simulation Date: 2024-05-08 Simulation Time: 09:44 Calculation Time: 2.671 sec ***SUMMARY OF RESULTS*** End-Use Option: Electricity Average Net Electricity Production: 3.15 MW Electricity breakeven price: 16.72 cents/kWh Number of production wells: 1 Number of injection wells: 1 Flowrate per production well: 63.0 kg/sec Well depth (or total length, if not vertical): 2.3 kilometer Geothermal gradient: 0.0680 degC/m ***ECONOMIC PARAMETERS*** Economic Model = BICYCLE Accrued financing during construction: 5.00 Project lifetime: 30 yr Capacity factor: 90.0 % Project NPV: 5.47 MUSD Project IRR: 7.25 % Project VIR=PI=PIR: 1.12 Project MOIC: 1.05 Project Payback Period: 14.16 yr ***ENGINEERING PARAMETERS*** Number of Production Wells: 1 Number of Injection Wells: 1 Well depth (or total length, if not vertical): 2.3 kilometer Water loss rate: 2.0 Pump efficiency: 80.0 Injection temperature: 53.0 degC Production Wellbore heat transmission calculated with Ramey's model Average production well temperature drop: 2.1 degC Flowrate per production well: 63.0 kg/sec Injection well casing ID: 7.000 in Production well casing ID: 7.000 in Number of times redrilling: 0 Power plant type: Double-Flash ***RESOURCE CHARACTERISTICS*** Maximum reservoir temperature: 500.0 degC Number of segments: 1 Geothermal gradient: 0.0680 degC/m ***RESERVOIR PARAMETERS*** Reservoir Model = Multiple Parallel Fractures Model Bottom-hole temperature: 169.87 degC Fracture model = Rectangular Well separation: fracture height: 100.00 meter Fracture width: 991.00 meter Fracture area: 99100.00 m**2 Reservoir volume calculated with fracture separation and number of fractures as input Number of fractures: 100.00 Fracture separation: 10.00 meter Reservoir volume: 98109000 m**3 Reservoir hydrostatic pressure: 22836.44 kPa Plant outlet pressure: 100.00 kPa Injectivity Index: 5.00 kg/sec/bar Reservoir density: 2700.00 kg/m**3 Reservoir thermal conductivity: 2.70 W/m/K Reservoir heat capacity: 1000.00 J/kg/K ***RESERVOIR SIMULATION RESULTS*** Maximum Production Temperature: 167.8 degC Average Production Temperature: 165.5 degC Minimum Production Temperature: 139.1 degC Initial Production Temperature: 166.1 degC Average Reservoir Heat Extraction: 29.03 MW Production Wellbore Heat Transmission Model = Ramey Model Average Production Well Temperature Drop: 2.1 degC Average Injection Well Pump Pressure Drop: 1494.0 kPa ***CAPITAL COSTS (M$)*** Drilling and completion costs: 15.43 MUSD Drilling and completion costs per vertical production well: 5.18 MUSD Drilling and completion costs per vertical injection well: 5.18 MUSD Drilling and completion costs per non-vertical sections: 4.34 MUSD Stimulation costs: 1.51 MUSD Surface power plant costs: 21.26 MUSD Field gathering system costs: 1.17 MUSD Total surface equipment costs: 22.43 MUSD Exploration costs: 5.29 MUSD Total capital costs: 44.66 MUSD ***OPERATING AND MAINTENANCE COSTS (M$/yr)*** Wellfield maintenance costs: 0.28 MUSD/yr Power plant maintenance costs: 0.66 MUSD/yr Water costs: 0.03 MUSD/yr Total operating and maintenance costs: 0.97 MUSD/yr ***SURFACE EQUIPMENT SIMULATION RESULTS*** Initial geofluid availability: 0.13 MW/(kg/s) Maximum Total Electricity Generation: 3.37 MW Average Total Electricity Generation: 3.27 MW Minimum Total Electricity Generation: 2.20 MW Initial Total Electricity Generation: 3.29 MW Maximum Net Electricity Generation: 3.25 MW Average Net Electricity Generation: 3.15 MW Minimum Net Electricity Generation: 2.08 MW Initial Net Electricity Generation: 3.18 MW Average Annual Total Electricity Generation: 25.70 GWh Average Annual Net Electricity Generation: 24.77 GWh Initial pumping power/net installed power: 3.73 % Average Pumping Power: 0.12 MW ************************************************************ * HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * ************************************************************ YEAR THERMAL GEOFLUID PUMP NET FIRST LAW DRAWDOWN TEMPERATURE POWER POWER EFFICIENCY (degC) (MW) (MW) (%) 1 1.0000 166.14 0.1186 3.1762 10.8732 2 1.0058 167.10 0.1186 3.2197 10.9292 3 1.0070 167.30 0.1186 3.2288 10.9408 4 1.0076 167.41 0.1186 3.2335 10.9469 5 1.0080 167.48 0.1186 3.2366 10.9509 6 1.0083 167.53 0.1186 3.2389 10.9538 7 1.0086 167.57 0.1186 3.2407 10.9561 8 1.0088 167.60 0.1186 3.2422 10.9581 9 1.0089 167.63 0.1186 3.2435 10.9597 10 1.0091 167.65 0.1186 3.2445 10.9610 11 1.0092 167.67 0.1186 3.2455 10.9623 12 1.0093 167.69 0.1186 3.2463 10.9633 13 1.0094 167.71 0.1186 3.2471 10.9643 14 1.0095 167.72 0.1186 3.2478 10.9652 15 1.0096 167.73 0.1186 3.2484 10.9660 16 1.0097 167.75 0.1186 3.2490 10.9667 17 1.0097 167.76 0.1186 3.2495 10.9674 18 1.0098 167.77 0.1186 3.2500 10.9680 19 1.0099 167.78 0.1186 3.2504 10.9685 20 1.0099 167.78 0.1186 3.2506 10.9688 21 1.0098 167.77 0.1186 3.2501 10.9682 22 1.0095 167.72 0.1186 3.2479 10.9653 23 1.0087 167.58 0.1186 3.2413 10.9569 24 1.0066 167.23 0.1186 3.2256 10.9367 25 1.0022 166.50 0.1186 3.1925 10.8942 26 0.9939 165.12 0.1186 3.1306 10.8143 27 0.9797 162.77 0.1186 3.0263 10.6783 28 0.9576 159.09 0.1186 2.8673 10.4678 29 0.9258 153.82 0.1186 2.6471 10.1694 30 0.8837 146.81 0.1186 2.3688 9.7800 ******************************************************************* * ANNUAL HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE * ******************************************************************* YEAR ELECTRICITY HEAT RESERVOIR PERCENTAGE OF PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED (GWh/year) (GWh/year) (10^15 J) (%) 1 25.3 231.6 30.12 2.69 2 25.4 232.5 29.29 5.40 3 25.5 232.8 28.45 8.10 4 25.5 233.0 27.61 10.81 5 25.5 233.1 26.77 13.52 6 25.5 233.2 25.93 16.23 7 25.6 233.2 25.09 18.95 8 25.6 233.3 24.25 21.66 9 25.6 233.3 23.41 24.37 10 25.6 233.4 22.57 27.09 11 25.6 233.4 21.73 29.80 12 25.6 233.5 20.89 32.52 13 25.6 233.5 20.05 35.23 14 25.6 233.5 19.21 37.95 15 25.6 233.6 18.37 40.66 16 25.6 233.6 17.53 43.38 17 25.6 233.6 16.69 46.10 18 25.6 233.6 15.85 48.81 19 25.6 233.6 15.00 51.53 20 25.6 233.6 14.16 54.25 21 25.6 233.6 13.32 56.96 22 25.6 233.4 12.48 59.68 23 25.5 232.9 11.64 62.39 24 25.3 231.9 10.81 65.08 25 24.9 229.8 9.98 67.76 26 24.3 226.0 9.17 70.38 27 23.3 219.9 8.38 72.94 28 21.8 210.9 7.62 75.39 29 19.8 198.4 6.90 77.70 30 15.8 165.0 6.31 79.62 ******************************** * REVENUE & CASHFLOW PROFILE * ******************************** Year Electricity | Heat | Cooling | Carbon | Project 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 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) ________________________________________________________________________________________________________________________________________________________________________________________ 1 0.00 -44.66 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -44.66 -44.66 2 15.00 2.82 3.79 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 2.82 -41.84 3 15.00 2.84 7.60 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 2.84 -39.00 4 15.41 2.95 11.53 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 2.95 -36.05 5 15.81 3.06 15.56 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.06 -32.98 6 16.22 3.17 19.70 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.17 -29.82 7 16.62 3.27 23.95 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.27 -26.54 8 17.03 3.38 28.30 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.38 -23.16 9 17.43 3.49 32.75 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.49 -19.67 10 17.84 3.59 37.32 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.59 -16.08 11 18.24 3.70 41.98 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.70 -12.39 12 18.65 3.80 46.75 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.80 -8.58 13 19.05 3.91 51.63 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 3.91 -4.68 14 19.46 4.01 56.61 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.01 -0.67 15 19.86 4.12 61.70 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.12 3.45 16 20.27 4.22 66.89 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.22 7.67 17 20.67 4.33 72.19 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.33 12.00 18 21.08 4.43 77.59 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.43 16.43 19 21.49 4.53 83.09 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.53 20.96 20 21.89 4.64 88.70 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.64 25.60 21 22.30 4.74 94.42 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.74 30.34 22 22.70 4.84 100.23 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.84 35.19 23 23.11 4.94 106.15 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.94 40.13 24 23.51 5.03 112.14 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 5.03 45.15 25 23.92 5.08 118.20 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 5.08 50.24 26 24.32 5.10 124.26 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 5.10 55.34 27 24.73 5.04 130.27 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 5.04 60.38 28 25.13 4.88 136.12 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.88 65.25 29 25.54 4.59 141.68 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.59 69.84 30 25.94 4.17 146.82 | 2.50 0.00 0.00 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 0.97 4.17 74.01