Igor Kocis, CEO, Geothermal Anywhere European Entrepreneurship & Innovation Thought Leaders Stanford Engineering February 11 2013 We are developing a groundbreaking drilling system PLASMABIT™ capable of drilling to deep depths more than: times CHEAPER than any of today's methods times FASTER than other drilling procedures times STABLE well than mechanical drilling times DEEPER than common drill hole PROCESS for casing and drilling TRIPPING and drilling bit replacement 5 4 3 2 1 0
Transcript
Igor Kocis, CEO, Geothermal Anywhere
European Entrepreneurship & Innovation Thought Leaders Stanford Engineering
February 11 2013
We are developing a groundbreaking drilling system PLASMABIT™ capable of drilling to deep depths more than:
times CHEAPER than any of today's methods
times FASTER than other drilling procedures
times STABLE well than mechanical drilling
times DEEPER than common drill hole
PROCESS for casing and drilling
TRIPPING and drilling bit replacement
5
4
3
2
1
0
2 www.GeothermalAnywhere.com
PLASMABIT
Deep drilling technology
Geothermal market, Oil & Gas market, Mining
Faster, Cheaper, Deeper, Safer
October 2012 – field test prototype
Expert 35 member team
Contracts with Forbes 2000 companies
Overview
3 www.GeothermalAnywhere.com
PLASMABIT
People who need energy
Problem / Opportunity
From where? From under the ground
Drilling costs the challenge 4km~4M€ reduce!
Oil&gas drilling sector market value is $119B in 2011, estimation in 2016 is $188B
Oil&gas market Geothermal market
4 www.GeothermalAnywhere.com
PLASMABIT
Plasma drilling system PLASMABIT
Cost-effective drilling for deep wells
Linear increase of cost per depth
contrast to exponential
Well stability
continuous casing-while-drilling
Onshore/offshore
Product / Technology
5 www.GeothermalAnywhere.com
PLASMABIT
Drilling using PLASMABIT
Technology
PLASMABIT subsystems:
Movement: Interface:
Water pipeline
Carrier rope
Power supply
6 www.GeothermalAnywhere.com
PLASMABIT
Drilling Costs - PLASMABIT Savings
0
10
20
30
40
50
60
70
80
Conventional drilling
(*ROP 4m/h)
PLASMABIT drilling
(*ROP 4m/h)
PLASMABIT with ContiCase and enhanced ROP
(8m/h)
Days Pipes Connection
Tripping / Cleaning
Casing
ContiCase - Casing while Drilling
Rig logistics
Drilling
*ROP – Rate of penetration
Length of the borehole: 4.5 km / 15,000 ft Conventional drilling cost: $6.5M PLASMABIT with ContiCase and enhanced ROP cost: $1.7M Additional fixed savings: ~$600k
Technology
100%
63%
23%
Hard rock case study
7 www.GeothermalAnywhere.com
PLASMABIT
Our breakthroughs – achieved and future milestones
Dec
20
10
2nd generation of plasmatron scale 1:10, pulsed mode
Au
g 2
01
2
Continuous casing while drilling Proof-of-the-concept
Non-contact drilling
Well stability
Technology
Dec
20
14
PLASMABIT Drilling System Pilot Well
Demonstration
Sep
20
12
PLASMABIT Field Prototype
Demonstration
Jun
20
13
High temperature improved ROP PLASMABIT
Drilling speed
Dec
20
13
>10 m depth Rig drilling system PLASMABIT prototype
Demonstration
8 www.GeothermalAnywhere.com
PLASMABIT
Interdisciplinary expert team
Senior technology leaders and advisors
Initial capital (9M€)
Deep drilling center with top infrastructure
Technology stage and Patent portfolio 10 patents and patent applications
Barriers of Entry
9 www.GeothermalAnywhere.com
PLASMABIT
INTELLECTUAL PROPERTY RIGHTS
GA has finalized and applied for a set of patents protecting the PLASMABIT IPR
Another two utility models applications in filing process, new patent applications in preparation
Patent Patent Overview Patent Stage
New drilling concept
Equipment for excavation of deep drill holes in geological formation and the manner of energy and material transportation in the drill
holes
PCT/SK2008/050009; EU EP08767327.3 US 12/666,224; Slovak PP5087-2007
Advanced drilling platform
Equipment for realization of deep boreholes and method of realization of deep boreholes
PCT/SK2010/050002; EU EP10703136.1 US 13/148,032; Slovak PP 5011-2009
Advanced drilling method
Method and equipment for disintegration of materials PCT PCT/SK2010/050016;
Slovak PP 5062-2009
Virtual water plasma generator
Virtual water plasma generator and method for generating of electric thermal plasma
Slovak PP 5046-2011
Thermo-mechanical drilling method
Breaking up rocks with its melting, and interaction of water streams Slovak PP 5045-2011
Parallel thermal plasma generators
Thermal plasma generation system for parallel generation of thermal plasma and process of parallel thermal plasma generation
Slovak PP 5044-2011
Electrode movement
Autonomous governor of the plasma generator electrodes movements
Slovak PP 5048-2011
Method of rock disintegration
Method of rock disintegration and equipment for performing of disintegration
Slovak PP 5047-2011
Technology
10 www.GeothermalAnywhere.com
PLASMABIT
Strategic Relationships Company Description
Oil & gas industry
Statoil Top 10 global oil and gas company
Tullow oil Africa’s leading independent oil company
BP Top 10 global oil and gas company
Drilling and mining services companies
Weatherford Top 10 oilfield services company
Newmont Top 3 world's largest producer of gold
Herrenknecht World leader for heavy tunnel boring
Imerys World leader in mineral-based solutions
Utilities
Enel Leading European energy provider
Geothermal projects developers
EGS Energy UK leader in geothermal systems EGS
11 www.GeothermalAnywhere.com
PLASMABIT
Existing and new drilling equipment/services companies
Drilling services companies New approach
Our customers
Competition
PLASMABIT:
Higher speed
Increased well stability
New applications
12 www.GeothermalAnywhere.com
PLASMABIT
35 fulltime employees, >600y experience Shareholders – 15 years common serial entrepreneurship Advisory Board - top-ranking senior experts from relevant industries
