Exploitation and Utilization of Oilfield Geothermal Resources in China

Shejiao Wang, Jiahong Yan, Feng Li, Junwen Hu and Kewen Li
Additional contact information
Shejiao Wang: PetroChina Research Institute of Petroleum Exploration & Development, Beijing 100083, China
Jiahong Yan: PetroChina Research Institute of Petroleum Exploration & Development, Beijing 100083, China
Feng Li: PetroChina Research & Development Department, Beijing 100007, China
Junwen Hu: PetroChina Research Institute of Petroleum Exploration & Development, Beijing 100083, China
Kewen Li: School of Energy Resources, China University of Geosciences (Beijing), Beijing 100083, China

Energies, 2016, vol. 9, issue 10, 1-13

Abstract: Geothermal energy is a clean, green renewable resource, which can be utilized for power generation, heating, cooling, and could effectively replace oil, gas, and coal. In recent years, oil companies have put more efforts into exploiting and utilizing geothermal energy with advanced technologies for heat-tracing oil gathering and transportation, central heating, etc., which has not only reduced resource waste, but also improved large-scale and industrial resource utilization levels, and has achieved remarkable economic and social benefits. Based on the analysis of oilfield geothermal energy development status, resource potential, and exploitation and utilization modes, the advantages and disadvantages of harnessing oilfield geothermal resource have been discussed. Oilfield geothermal energy exploitation and utilization have advantages in resources, technical personnel, technology, and a large number of abandoned wells that could be reconstructed and utilized. Due to the high heat demand in oilfields, geothermal energy exploitation and utilization can effectively replace oil, gas, coal, and other fossil fuels, and has bright prospects. The key factors limiting oilfield geothermal energy exploitation and utilization are also pointed out in this paper, including immature technologies, lack of overall planning, lack of standards in resource assessment, and economic assessment, lack of incentive policies, etc.

Keywords: geothermal resource; geothermal energy exploitation and utilization; oilfield geothermal energy; advantage-disadvantage analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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