Renewables

Oil company Mazarine Energy developing geothermal project for oil, gas wells in Romania

mazarine energy romania oil well geothermal

Photo: Mazarine Energy

Published

May 19, 2021

Country

Comments

0

Share

Published:

May 19, 2021

Country:

Comments:

0

Share

Oil and gas company Mazarine Energy has started a project for using geothermal energy by repurposing some of the current oil and gas wells in its Romania’s portfolio.

Mazarine Energy operates 28 oil and gas fields in Romania as well as five gas-to-power units with a total installed capacity of 8.3 MW, according to the company’s website.

Many companies in the petroleum industry have already started developing geothermal projects or they plan to do it

Many companies in the petroleum industry have already started developing geothermal projects or they plan to do it, and Mazarine is among companies with such interest in Romania, said Spencer Coca, country manager at Mazarine Energy and president of the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA), Energynomics reported.

Mazarine will stop oil production in three fields and use them for geothermal projects

According to Coca, Mazarine will abort oil production in three wells near the Bucharest ring road and use them for geothermal projects. The company is cooperating with a firm from the United Kingdom, specialized in geothermal technology that is using closed-loop systems with heat pumps that are placed inside the well. The system requires only one well instead of one for injection and another for production.

Geothermal projects cannot be developed on a large scale without the involvement of the oil industry

“This is the future,” Coca said, claiming that from a cost perspective, it’s much more effective to use such a system than to start drilling injection wells that are very expensive.

He said geothermal projects cannot be developed on a large scale without the involvement of the oil and gas industry. In his view, it is as an opportunity for the industry to participate in the energy transition.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Vienna airport Austria biggest solar power plant

Vienna airport completes Austria’s biggest solar power plant

23 May 2022 - Flughafen Wien Group said it has put Austria's biggest solar power plant into operation on 24 hectares at the Vienna International Airport

Serbian power utility kicks- off construction of its first wind power plant Kostolac

20 May 2022 - EPS signed the loan agreement in November 2017, and received an energy permit for the wind farm at the end of 2018

Kosovo to launch auctions for 100 MW of solar

Kosovo* plans to launch auction for 100 MW of solar

20 May 2022 - Auctions are divided in smaller portions because the intention is to encourage local investors, not only those from abroad

Industry draws first global definition of green hydrogen

Industry draws up first global definition of green hydrogen

19 May 2022 - The Green Hydrogen Organization (GH2) has published a Green Hydrogen Standard - for certification and labeling, and greenwashing prevention