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- W99900997 abstract "In this paper we present some thoughts on a study that would help in laying the groundwork for drafting regulations for the geothermal reservoir insurance program. The objectives of this study would be 1) to assess the likelihood and the financial consequences of premature depletion of reservoirs 2) to evaluate the advantages and shortcomings of alternative schemes for reducing the financial risks of geothermal development 3) to assess the need for government-sponsored reservoir insurance programs, and 4) to delineate the areas and conditions under which a reservoir insurance program would be most useful in promoting national goals . In view of the importance of the government-funded reservoir insurance program and the complex nature of the problem, four issues must be considered in defining the scope and objectives of this study. First, the goals and expectations of the government must be specifically defined and a procedure be developed to allow for measuring the achievement of these goals. Second, the reservoir-related risk should be assessed and a framework should be developed for resolution of differences among the views expressed by segments of the industry on the likelihood of premature reservoir depletion and the financial consequences of such events. Third, given the diversitymore » of opinion among interest groups, it is important that the viewpoints of various segments of industry and the public be sought and incorporated into the study. Fourth, the study should avoid recommending a policy that would be optimal from an overall point of view yet would involve so many compromises that no group would consider it beneficial. With these points in mind, we propose the following four steps: DEFINING THE GOALS OF THE GEOTHERMAL DEVELOPMENT PROGRAM; ASSESSING THE RISK OF PREMATURE RESERVOIR DEPLETION; EVALUATING ALTERNATIVE SCHEMES; ACHIEVING CONSENSUS AND RECOMMENDING GUIDELINES.« less" @default.
- W99900997 created "2016-06-24" @default.
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- W99900997 date "1980-12-16" @default.
- W99900997 modified "2023-09-23" @default.
- W99900997 title "GEOTHERMAL RESERVOIR INSURANCE PROGRAM: EVALUATION OF ALTERNATIVES AND ASSESSMENT OF NEEDS" @default.
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