Gender workshop - UNECE–Global Water Partnership ADA June 23, 2021
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

Bogoslovec, first private wind farm in North Macedonia, secures loan for construction

Bogoslovec, first private wind farm in North Macedonia, secures loan for construction

18 June 2021 - The project, owned by BNB Kompani and GGF, has reached a financial close which includes EUR 51 million in financing by Erste Bank and local lenders.

Enlight K2-Wind secures building permit for Pupin wind farm

Enlight K2-Wind secures building permit for Pupin wind farm

17 June 2021 - Pupin wind farm is an extension of the Kovačica wind farm, an investment by Israel’s renewable energy company Enlight.

Vattenfall Europe s largest electric boiler Amsterdam

Vattenfall to install Europe’s largest electric boiler in Amsterdam

15 June 2021 - Vattenfall will use electricity from wind farms and solar parks to store heat in a 150 MW electric boiler system in Amsterdam

CWP Global to build first utility-scale solar power plant in Serbia

CWP Global to build first utility-scale solar power plant in Serbia

15 June 2021 - Renewable energy company will start building a 50 MW facility near the southwestern Serbian town of Sjenica at the beginning of 2023.