Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
To ensure a reliable pre-drilling assessment of shallow and/or deep geothermal resources and reservoirs, high resolution reservoir characterisation and exploration methods and approaches are essential to minimize exploration and production risks.
Project results are expected to contribute to all of the following expected outcomes:
The projects will have to include:
Technical and economic validation is expected of the innovative exploration and production approaches and tools and methods which are expected to increase the precision for geologically based resource assessment, the target definition of exploratory drilling, and to improve the characterisation and prediction of reservoir geology and long-term reservoir performance. Moving beyond the state of the art by demonstrating the application of new tools, developing new approaches and taking advantage of improved software and computing power, the drilling success will be increased by 20% in 2030 and 50% in 2035 thereby reducing the exploration costs.
100%
EU contribution per project: €4.00 million
If projects use satellite-based earth observation, positioning, navigation and/or related timing data and services, beneficiaries must make use of Copernicus and/or Galileo/EGNOS (other data and services may additionally be used).
Research and Innovation Foundation
29a Andrea Michalakopoulou, 1075 Nicosia,
P.B. 23422, 1683 Nicosia
Telephone: +357 22205000
Fax: +357 22205001
Email: support@research.org.cy
Website: https://www.research.org.cy/en/
Contact Persons:
Mr Christakis Theocharous
Scientific Officer A’
Telephone: +357 22 205 029
Email: ctheocharous@research.org.cy
Mr George Christou
Scientific Officer
Telephone: +357 22 205 030
Email: gchristou@research.org.cy