Evaluation of Expert Reports to Quantify the Exploration Risk for Geothermal Projects in Germany
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Date
2015
Authors
Volume
76
Issue
Journal
Energy Procedia
Series Titel
Book Title
European Geosciences Union General Assembly 2015 (EGU 2015) : Division Energy, Resources and Environment, EGU 2015
Publisher
Amsterdam [u.a.] : Elsevier
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Abstract
The development of deep geothermal energy sources in Germany still faces many uncertainties and high upfront investment costs. Methodical approaches to assess the exploration risk are thus of major importance for geothermal project development. Since 2002, expert reports to quantify the exploration risk for geothermal projects in Germany were carried out. These reports served as a basis for insurance contracts covering the exploration risk. Using data from wells drilled in the meantime, the reports were evaluated and the stated probabilities compared with values actually reached.
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License
CC BY-NC-ND 3.0 Unported