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Project cooperationUpdated on 28 May 2024

Conversion of Ancient Oil filed into a Geothermal field

Reinaldo Ramirez

Energy Technology and Operations Director

About

Research Design and Methods

The plan is to develop a project in two stages.

A first stage that would serve to confirm the assumptions of our model in the fastest and most economical

way possible, confirming the assumptions of the reservoir model and actual production against the

estimates of model or predicted geothermal resources.

The well reuse proposal also needs to be confirmed and financial funds are required for this.

An alternative is to raise funds from the oil and gas industry itself. Extrapolating the recent experience

of the use of Pozo Barredo, the old coal mine, now converted into a geothermal and sustainable project.

Unfortunately, in Spain technological advancement and the geothermal market are very marginalized,

despite the fact that Geothermal Energy meets all the clean energy requirements established in the

PNIEC, and would help the state to reach its renewable energy goal by 2040.

Much of RamRei Energy's effort is going into accessing the funds to execute our first-stage power

generation goals, where we would not only demonstrate that low-temperature geothermal is perfectly

feasible, but help us to understand the operating conditions of mature oil and gas fields before scaling

up to megawatt-scale power production.

We want to awaken the interest, comments and participation of government entities, study centres,

private companies and oil and gas companies with the guarantee of diversifying the flows of sustainable

and clean

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