Using an out of service oil and gas well as a source of geothermal energy
As the world continues to grapple with climate change, many governments and organizations are looking for new ways to tap into renewable forms of energy. One way that is gaining attention is using out-of-service oil or gas wells as a source of geothermal energy. This novel idea could help reduce our reliance on fossil fuels while providing an inexpensive, reliable form of clean energy. By tapping into existing oil and gas wells, engineers can use this natural resource without having to drill new wells, making it a much more cost effective solution than drilling for fresh geothermal sources. Additionally, it helps mitigate some of the environmental damage caused by current drilling practices as fewer resources are used.
Well owners are the best candidates for utilizing out of service oil and gas wells.
The well’s history and integrity is known to them. There’s no requirement for an environmental assessment if they retain ownership of the well. The liability investment with the AER could be reduced. Landowner’s could be the recipient of heat energy. Carbon Credits could be earned by using out of service oil and gas wells to generate heat, reducing greenhouse gas emissions. Algar Geothermal has spent several years of work, and thousands of dollars to complete computer simulations and has proven that this can be done. We are working with partners to find a well for a pilot test in 2025.
Contact Algar Geothermal to get involved!
Investors – join the movement that will bring inexpensive geothermal heat to those that need it the most.
Technical partners – add Algar Geothermal to your portfolio of services (Engineering firms, Drilling companies, Well service companies, geothermal companies, housing co-ops)
Industry Clients that need our technology to lower costs and greenhouse gas emissions – Farmers and Greenhouse operators, home developers for district heating applications, municipalities, northern communities, First Nations communities
Partners for a test site. Turn a research project into a low cost source of eternally available heat for your facility.
Funding – it’s just $2.25mm CDN ($1.67 mm US, 1.5 mm Euro) for a pilot test. We have a detailed project plan to support our cost estimate, that covers everything from FEED to commissioning.
Use the QR code below to reach us or click on this link to learn more.
