Pohang EGS Project Signs Up Construction Company (Yahoo! News)
There are reports that Chinese oil & gas exploration company LandOcean Energy Services Co., Ltd has signed an Engineering, Procurement and Construction (EPC) Contract for the Pohang Engineered Geothermal System (EGS) Project in South Korea. The contract is with the NEXGEO consortium of South Korean companies.
A paper describing the project has been submitted to the World Geothermal Congress 2015 in Melbourne, Australia. According to the abstract, "the Korean government launched a geothermal power generation project in Pohang, southeastern part of Korea, adopting Enhanced Geothermal System (EGS) technology at the end of 2010. The EGS pilot plant project is the first attempt to realize geothermal power generation in Korea. It is a five-year term, government funded and industry matching project. The project consists of two phases: I) site preparation, drilling a 3 km deep well and confirming the temperature anomaly in two years, and II) extending the 3 km deep well down to 4.5 - 5 km, hydraulic stimulation and reservoir creation, drilling another well and completing doublet system, and finally installing a MW class binary power plant in another three years."
EPC Contract (in Chinese)
Background and Progress of the Korean EGS Pilot Project (Paper submitted to WGC 2015)