1 | Economy/Markets |
Oil is an internationally traded product, easy to store, transport, and sell. Geothermal
steam cannot be sold or priced outside of the local heating and electricity markets—introducing off-take
risk because of limited options for selling the product. Furthermore, the integration of geothermal projects
into the local grid requires additional infrastructure, permits, and contracts.
2 | geology |
Although drilling for hydrocarbons is often carried out at greater depths than geothermal
drilling, oil fields are generally in geologically stable environments and can be more easily confirmed by
surface exploration technologies. Geothermal fields are often in volcanic and fractured zones and their
potential must be confirmed by drilling.
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