18 FEBRUARY 2023 WorldWide Drilling Resource® CeraPhi Energy Partners with Halliburton for Geothermal Progress Adapted from Information by CeraPhi Energy CeraPhi Energy entered an exclusive drilling and intervention services agreement with Halliburton in exchange for engineering and project management support. Halliburton will provide its global expertise in well technology and seven decades of geothermal experience to assist CeraPhi’s plan to develop an international geothermal energy development company. The initial focus of the agreement will be to support CeraPhi’s existing opportunities of repurposing older gas and oil wells in the UK and U.S. Halliburton will help to advance development potential for CeraPhi’s patented technology CeraPhiWell™, a closed loop downhole heat exchanger that draws up subsurface heat for different applications for scalable baseload energy including: k Low-temperature climatized agriculture. k Medium-temperature heat networks. k Desalination and water treatment. k Power generation. k Green hydrogen production. CeraPhiWell is at the heart of CeraPhi’s strategy to derisk geothermal energy development by using end-of-life and nonproducing gas and oil wells, and prove the “huge commercial potential” for geothermal energy production. The company supports efforts to enable access to over 500 gigawatts of additional geothermal energy by 2050 in line with Paris 2050 Climate Accord for carbon reduction. “Scaling this opportunity is key to reducing cost and making geothermal energy the baseload energy of choice everywhere for everyone. The [gas and oil] service sector is key to this transition, and Halliburton has been in business for more than 100 years. They have been at the forefront of innovation and technology for well delivery, which is perfect for this collaboration . . . and could be game-changing for geothermal’s role in the energy transition and have a revolutionary impact on onshore [gas and oil] sector’s late-life and orphaned wells,” said Karl Farrow CEO of CeraPhi. “We are pleased to build on our decades of global geothermal business to collaborate with CeraPhi to deliver and maximize the value of their geothermal wells,” said Steve Nowe, senior area manager of Halliburton Europe. “This agreement will allow us to deliver fully integrated solutions to reduce planning time, lower costs, and optimize the value chain performance.” GEO
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