This study assesses the feasibility of repurposing abandoned oil and gas wells in Italy for geothermal energy production employing a geothermal closed-loop system. A systematic methodology was developed, beginning with raw data collection and progressing to numerical simulations using COMSOL Multiphysics to model a U-shaped deep closed-loop geothermal heat exchanger. The analysis relied on a public database of wells drilled in Italy since the mid-20th century. The Horner plot correction method was applied to measured temperature data to obtain accurate geothermal gradients across Italy, which were then used as input parameters for a numerical sensitivity analysis. The results highlight the critical role of the geothermal gradient and heat carrier fluid flow rate in determining system performance. Regions in Italy with geothermal gradients exceeding 40 °C/km, particularly in the Tyrrhenian area, were identified as having high potential for this technology. A preliminary analysis of a virtual Organic Rankine Cycle (ORC) system estimated power production of 73 kW, with an efficiency of 11.66 % after 25 years of operation under optimal conditions (5 l/s flow rate, 60 °C/km geothermal gradient, and 70 °C evaporation temperature).