UK firm signs MOU on utilising oil and gas wells for geothermal applications
Geothermal project site in Cornwall, UK
Francisco Rojas
30 Mar 2015
Reuters: "Britain's Geothermal Engineering Ltd has signed an agreement with shale gas firm Cuadrilla Resources to explore the feasibility of producing geothermal renewable heat from used oil and gas wells"
Reuters has published that “Britain’s Geothermal Engineering Ltd (GEL) has signed an agreement with shale gas firm Cuadrilla Resources to explore the feasibility of producing geothermal renewable heat from used oil and gas wells, the firm said on Friday.”
According to a recent statement by GEL, the company and Cuadrilla have signed a memorandum of understanding (MOU) in order to “develop technology to show that geothermal heat can be delivered from deep wells that were originally drilled for other purposes such as oil and gas extraction”
This project would then develop the necessary technical requirements to actually tap into the heat by testing on the wells from Cuadrilla. If successful, “deep geothermal energy costs will be reduced by up to 80 percent and local communities could benefit from low-cost heat energy from existing wells drilled in their area, Geothermal Engineering said.”
To read the full article, please follow the link below.
Source: Reuters
