Risk And Risk Management In Geothermal Exploration And Development

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Conference Paper: Risk And Risk Management In Geothermal Exploration And Development

Abstract
Risks encountered during geothermal exploration and development are identified and assessed and a generic geothermal risk model is described which is based on: 0 a detailed appreciation of generic risks a formal methodology for undertaking geothermal exploration and development in a staged manner with considered decision making at key program points and with each new stage of work being undertaken only if and when the preceding stage proves to be successful. 0 the use of assessed success probabilities for each stage in the ,geothermal exploration and development process based on an extensive review of geothermal developments around the world for a variety of geological terrains 0 the use of a comprehensive database for geothermal exploration and development costs To illustrate the use of the risk model, the risk profile of a proposed 64 MWe geothermal development in an East African Continental rift setting is described and assessed.

Authors 
P. Barnett, J. B. Randle and A. Fikre-Mariam






Conference 
GRC Annual Meeting; Morelia, Mexico; 2003/10/12


Published 
Geothermal Resources Council, 2003





DOI 
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Online 
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Citation

P. Barnett, J. B. Randle, A. Fikre-Mariam. 2003. Risk And Risk Management In Geothermal Exploration And Development. In: GRC Transactions. GRC Annual Meeting; 2003/10/12; Morelia, Mexico. Davis, CA: Geothermal Resources Council; p. 209-212


Related Geothermal Exploration Activities
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Areas (1)
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