This paper is the first part of a two-part series introducing a new and innovative managed temperature drilling technique for strengthening the wellbores of challenging oil and gas wells. This technique relies on heat generation within the borehole to increase the effective fracture gradient of near-wellbore zones in oil and gas wells. By releasing heat at exactly the right time and at the right location, the temperature in a near-wellbore zone can be raised, which in turn raises thermal stresses in this zone. This results in “thermal wellbore strengthening”, i.e. an increase in near-wellbore fracture initiation and propagation pressure that can be exploited to prevent or minimize induced mud losses during drilling, cementing and completion operations. As shown in Part II of this series, the heat-release is preferably achieved in a delayed fashion through the use of exothermic “heat-releasing” particles that are circulated to the zone(s) of interest in a dedicated carrier fluid.Part I describes a new computational thermal model for the proposed technique. Using finite volume techniques for an axisymmetric cylindrical geometry including a drillstring/workstring with internal and external fluid spaces, a casing string and a cementing layer (if present), and the rock formation, the model calculates the near-wellbore formation temperature as well as annulus and drill string temperature when a time-dependent and location-dependent heat generation source is acting. Model validation was conducted by comparing the simulation results from the model to analytical solutions as well as results obtained with a commercial software package for simplified cases (1D along the wellbore) with no heat source. Subsequently, near-wellbore temperature distributions were calculated for varying heat generation rates and fluid circulation times, and passed on to a geomechanical model to estimate the magnitude of the thermal strengthening effects on the fracture gradient. Results show that meaningful increases in near-wellbore stress can be obtained by the technique.The thermal wellbore strengthening technique, supported by the new thermal model described here, can be used to minimize lost circulation events and associated well trouble time and cost during drilling, cementing and completion operations, and may be particularly suited for wells with low drilling margins such as (ultra-)deepwater wells.