Eligible Activities

Eligible activities for the Facility comprise the following:

  • Surface studies to determine the optimal location for reservoir confirmation wells at geothermal prospects that have previously been identified. Surface studies can include geophysical surveys (e.g. seismic, gravity, magnetic or magnetotelluric surveys) including supplementary geological, hydrogeological and/or geochemical surveys if necessary for siting reservoir confirmation wells. In addition a surface study programme may include infrastructure required for conducting surface studies (e.g. access roads).  Surface studies shall include an integrated resource report interpreting and summarising the results of the surface studies in terms of a conceptual model of the resource and identifying high priority drill sites.
     
  • Drilling projects at geothermal prospects once the optimal locations for the drilling and testing of reservoir confirmation wells have been determined. An exploration drilling programme for funding by the Facility may comprise up to two full size reservoir confirmation wells (≥ 5” diameter of the last casing or liner) or up to three slim hole wells (< 5” diameter of last casing or liner) or a combination of two slim holes and one full size reservoir confirmation well. In addition, a drilling programme may include: infrastructure required for exploration drilling (e.g. access roads, water supply, if applicable: grid-connected power supply); mobilisation and demobilisation of drilling rigs; and well-testing. Furthermore, a drilling programme may incorporate a feasibility study that has the explicit aim of securing finance for subsequent reservoir confirmation wells. As such, it is expected that a feasibility study would combine exploration drilling results and reservoir engineering together with market, regulatory and technical considerations.
  • Continuation Premium (complementary to the initial grant funding). Eligible activities for the CP – to be undertaken for the same site as the initial drilling and testing programme, comprise the following: Additional full size well, well-head unit(s) installation, long term discharge testing (minimum six months), reservoir evaluation update, feasibility study (after the successful well drilling and testing, there is a new informational base, which can lead to an updated, bankable documentation of the project to support acquiring further financing).