Insight
Drilling in the new energy space: CCUS and geothermal
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The world must reach net-zero by 2050 to fight climate change. CCUS is a critical technology in this fight - reducing emissions through CO2 sequestration in the subsurface. The consideration of storage wells occurs at several stages of project lifecycle, including site screening, evaluation, selection, construction, operation, and closure. Geothermal energy also offers great potential. This is energy produced from heat within the earth’s crust. Accessing it requires drilling in challenging environments. This insight delves into CO2 storage and geothermal drilling: locations, technologies, and future developments. In addition, it examines the role of legacy oil and gas wells and how they can be repurposed to benefit both sectors.
Table of contents
- CO 2 storage wells
- Past CO 2 storage drilling activity has been influenced by the rise of EOR
- Drilling activity strengthens in the coming years, supported by regulatory and financial progress
- Geothermal drilling
- Past geothermal drilling activity has been focused on hydrothermal resources
- Upcoming geothermal drilling remains targeted at high temperature areas
- What are they?
- Is repurposing a valid option?
Tables and charts
This report includes the following images and tables:
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Potential leakage pathways for CO2 in a wellWell construction requirements for CO2 injection wellsWell types in a CO2 storage project
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CO2 storage project stagesCount of operating and retired CO2 storage projects by regionCO2 storage capacity and well count by regionProject count by CO2 destination and regionCount of planned CO2 storage projects by regionCount of EPA Class VI applications, 2021-2024Count of Class VI well applications by stateWell construction requirements for geothermal wellsWell types used in a geothermal project
- 14 more item(s)...
What's included
This report contains:
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