Geothermal potential in Alberta, Canada to be evaluated by aerial survey

Alberta Geothermal Resource Recovery Inc. (AGRRI) has engaged survey specialist company NXT Energy Solutions Inc. (NXT) to conduct an aerial survey to evaluate the geothermal potential at a site in Alberta, Canada.

The survey will be conducted at a mutually agreeable time and subject to aircraft availability and the receipt of permits from the government authorities. A standard survey project would normally take 2-3 months from the initiation of data acquisition to the delivery of the Standard Report. This timeline does not include integration which is nominally conducted following delivery of the Standard Report.

AGRRI is a geothermal company based in Alberta, Canada that aims to help Canada reach its goal of NET ZERO GHG Emissions by 2050, primarily by repurposing abandoned oil and gas wells into geothermal wells, turning liabilities to assets.

The geothermal potential of Alberta occurs mainly at depths between 1.5 to 5 kilometers below the surface contained in geological formations of the Western Canada Sedimentary Basin. Development of the resource can help diversify Alberta’s energy sector and provide electricity and heat to municipalities, industry and remote areas.

“The AGRRI survey is an important milestone in NXT’s development of the geothermal application of our SFD® technology; our first survey for a client. The value to NXT will primarily be to demonstrate the commerciality of SFD® in the geothermal domain. Other potential geothermal clients will be keenly interested in the results,” said Bruce G. Wilcox, CEO of NXT.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD® survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The SFD® survey system enables clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc.

The province of Alberta has made great progress is providing an ecosystem for geothermal project development, investment and research. In 2022, the Geothermal Resource Development Act came into force, creating a regulatory framework for geothermal resource development in Alberta. The rules and Directive 089 introduced requirements and processes unique to geothermal energy and include reference to applicable oil and gas regulatory instruments.

Source: Yahoo! Finance