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GRC Workshops

Three GRC Workshops have been confirmed at the GRC Annual Meeting in Reno, Nevada, USA.

Friday & Saturday, October 12 & 13

Project Development Strategy and Economic and Investment Evaluations

Friday & Saturday, October 12 & 13

Data Integration and Conceptual Model Evolution From The Exploration to The Development of a Geothermal Resource

Sunday, October 14

GRC Ambassador Program Workshop

Monday & Tuesday, October 15 & 16

Drilling Workshop


Project Development Strategy and Economic and Investment Evaluations

Friday & Saturday, October 12 & 13

Room: TBA                8am - 5pm
Cost: $TBA (Member), $TBA (Non-Member), $TBA Student


Led by: Henry Veizades, Manon Stöver, and Dr. Dan Hoyer of Veizades & Associates, Inc

Join us for a 2-day workshop focusing on commercial development strategies for well field, resource production facilities, power production facilities, and infrastructure. Participants will develop economic and investment decision processes and a computer model using capital cost estimates, operating and maintenance costs, and revenue from power sales to drive the calculations of internal rate of return, net present value, and payback period. A case study for a successful project will be presented using a USTDA-funded feasibility study along with other real-world experiences shared by participants and instructors.

Who Should Attend?

The workshop is designed for students, engineers, geoscientists, drillers and project managers tasked with advancing geothermal projects from the exploration stage to commercial power generation.

Day 1 - "Geothermal Project Development Strategies":

Maximizing the success of Geothermal Projects requires a methodical, science lead, and engineering supported planning that will drive the economic model. The challenges in developing geothermal projects in the USA and foreign countries will be highlighted with a step by step approach to minimize risk, shorten project schedules, and maximize success. The presentation will be broken into five 1-hour blocks with questions and answer periods after each block.

  1. Identification of Geothermal Area, Exploration Planning, Early Financing Evaluation, and Permitting Owner Staffing Requirements
  2. Site investigations, Civil Engineering Requirements, Procurement Schedule, Staffing and Management Requirements
  3. Exploration Drilling, Flow Testing, Data Interpretation, Power Cycle Selection, and Project Feasibility Report
  4. Exploitation Drilling, Construction Planning, Contracting Plan, Procurement and Logistics, and Construction Financing
  5. Construction, Quality Control, Inspection Staff, Owner Construction Staff, Start-up and Commissioning.

Day 2- "Economic and Investment Evaluation":

Preparing the economic and investment evaluation is critical to obtaining management approval, construction financing, and long-term equity investments. This session will focus on the development and use of commonly used metrics of cash flow to determine the value of the investment and the sensitivities of the primary investment drivers. The presentation will be broken into blocks with questions and answer periods after each block. Bring your computer as the workshop participants will develop and present computer models.

  1. Definition and development of Net Present Value, Internal Rate of Return, and Payback
  2. Capital investment cash flow
    •  Optimization of well size and number
    •  Capital investment comparison due to power cycle selection
    •  Satellite separation vs one separation station
  3. Operation and maintenance (O&M) expense and electric power sales revenue
  4.  Sensitivity due to:
    • Schedule
    • Cost of money
    • Success of development drilling
    • Capacity factor and changes in electric sale price
    • O&M expense
  5. Case study summary

Data Integration and Conceptual Model Evolution From The Exploration to The Development of a Geothermal Resource

Friday & Saturday, October 12 & 13

Room: TBA                8am - 5pm
Cost: $TBA (Member), $TBA (Non-Member), $TBA Student

Led by: Bastien Poux, Gene Suemnicht, Jeff Witter and Matthew Minnick

The goal of this workshop is to demonstrate how a geothermal resource model is first established and how it evolves with the addition of new data during the resource development. From a simple conceptual model resulting from the surface exploration studies to the complex reservoir models used to predict the behavior of the resource for several decades.
The steps include:

  1. Building a simple conceptual model to pick exploratory drilling targets
  2. Integrate the results of the drilling and adapt the resource conceptual model
  3. Complete the first capacity estimate for the resource
  4. Plan and execute the drilling of additional deep wells
  5. Re-assess the capacity of the resource
  6. Simulate the reservoir behavior during production
  7. Prepare the resource development plans

Questions to be discussed:

  1. Which data to use to build a conceptual model?
  2. How to make the data fit together?
  3. What are the criteria to pick a drilling target?
  4. How to lower the risks before drilling?
  5. What information to collect during drilling?
  6. How to integrate drilling data into the conceptual model?
  7. How much energy is available?
  8. Where to drill more deep wells?
  9. Is the resource able to sustain long term production?

Costs for both of the above workshops include lunch on Friday for both, and Saturday for one workshop, and a workshop reception on Friday from 5:00pm-6:30pm.


Drilling Workshop

Monday & Tuesday, October 15 & 16

Room: TBA            1:30-5:10pm
Cost:
Free to GRC Annual Meeting & Expo registrants

Over the last decade, there has been a revolution in drilling time and cost performance, safety improvements, and environmental compliance.  We have invited a distinguished panel of speakers to provide insight on what is happening within and outside the geothermal industry and the benefits these advances can have on geothermal drilling performance.
These special drilling sessions will cover:

  • DATA: Topics will cover recent trends in using digital data in drilling management and how data analytics has changed the way the drilling industry is operating today. We will cover the data transformation occurring today and the potential it has to disrupt the geothermal drilling industry.
  • TOOLS: Topics will cover tools of today, and what the future of drilling could be, reviewing the use of drilling technology being used such as automation and purpose-built rigs developed, the use of sensor technology can go beyond today's limits, and how the geothermal drilling industry could benefit from these advances in technology.

Check back here for more information in the coming months.......


In the last decade alone the GRC has provided over 50 days of educational workshops:

2006 - Emerging High-Temperature Technologies and Tools for Geothermal Applications, San Diego, California, (2-days)
2006 - Geothermal Exploration Technologies, San Diego, California, (2-days)
2007 - Geophysical Techniques in Geothermal Exploration, Sparks, Nevada, (2-days)
2007 - Land, Lease, and Unitization Legal Issues, Sparks, Nevada, (2-days)
2008 - Geothermal Reservoir Evaluation, Reno, Nevada, (2-days)
2008 - Basics of Geothermal Resource Development, Reno, Nevada, (1-day)
2008 - Introduction to Geothermal Energy, Reno, Nevada, (1-day)
2009 - Geothermal Heat Pump Workshop, Salt Lake City, Utah, (2-days)
2009 - Webinar: Utility Geothermal Development Strategies, Online, (1-day)
2009 - Webinar: Enhanced Geothermal Systems, Online, (1-day)
2009 - Webinar: Geothermal Heat Pump Programs and Benefits, Online, (1-day)
2009 - Geothermal Power 101 - Basics of Geothermal Resource Development, Reno, Nevada, (1-day)
2009 - Geothermal Heat Pumps, Reno, Nevada, (1-day)
2009 - EGS and Other Emerging Technologies, Reno, Nevada, (1-day)
2009 - Getting More Geothermal Projects On-line, Reno, Nevada, (1-day)
2010 - Texas Geothermal Technologies, Dallas, Texas, (1-day)
2010 - Geothermal Reservoir Evaluation, Sacramento, California, (2-days)
2010 - Energy Efficiency and Renewable Energy Portfolio (EERE), Sacramento, California, (1-day)
2010 - Geothermal Heat Pumps, Sacramento, California.(1-day)
2011 - An Introduction to Geothermal Resources Exploration and Development: Examples from The Long Valley Caldera, Mammoth Lakes, California, (1-day)
2011 - Geothermal Energy Leasing and Permitting, San Diego, California, (2-days)
2011 - An Introduction to Geothermal Exploration, San Diego, California, (2-days)
2012 - Recent Advances in Geothermal Geochemistry, Davis, California, (2-days)
2012 - Drilling, Reno, Nevada, (2-days)
2012 - Reservoir Stimulation, Reno, Nevada, (2-days)
2013 - Resource Assessment & Optimization, Sacramento, California, (2-days)
2013 - Exploration Drilling and Early Stage Geothermal Characterization, Bandung, Indonesia, (2-days)
2013 - New Developments in Power Plants, Las Vegas, Nevada, (2-days)
2013 - Geothermal Exploration in the 21st Century, Las Vegas, Nevada, (2-days)
2014 - Geothermal Drilling, Well Testing, Reservoir Monitoring & Management, Jakarta, Indonesia, (2-days)
2014 - Introduction to Hydrothermal Systems and Geothermal Exploration, Portland, Oregon, (2-days)
2014 - Geothermal Leasing, Unitization and Water Use Legal Issues, Portland, Oregon, (2-days)
2015 - Geothermal Workshop/Fieldtrip to Yellowstone National Park (5-days)
2016 - Conceptual Models of Geothermal Systems, Sacramento, California, (2-days)
2016 - Reservoir Stimulation, Sacramento, California, (2-days)
2016 - Best Practices in Operations & Maintenance, Sacramento, California, (1-day)
2016 - Geothermal 101 Sacramento, California, (Two Hours)
2017 - Project Development Strategy and Economic and Investment Evaluation, Jakarta, Indonesia, (2-days)
2017 - Geothermal Resource Decision Workshop 2, Salt Lake City, Utah, (2-days)