Geothermal Energy Resources: Exploration Budgets and Costs Recovery

Abstract

Increasing costs of geothermal exploration have made it a necessity that program managers be adequately trained to collect and analyze budgetary data. Exploration budgets should be used to monitor and control dollar expenditures. Furthermore, the program manager must properly utilize the available geothermal exploration techniques with an adequate economic and technical analysis of the acquired data in order to provide a supported determination to continue each exploration venture. Finally, appropriate utilization of cost information should allow geothermal exploration management to make proper decisions as to cost control and calculations of cost recovery.