Geodynamics to commence drilling at Habanero 4 in early 2012
JV partners Geodynamics and Origin Energy announce plans to continue drilling at Habanero 4, an EGS project in the outback of South Australia.
Reported before the weekend, Australian geothermal development company Geodynamics Limited is planning to continue drilling at Habanero 4. The Habanero project is a joint venture with Australian energy firm Origin Energy.
The project is a EGS pilot project in the outback in South Australia.
The company expects drilling to commence in the first quarter of 2012, to a target depth of around 4,170 meters accessing the existing fracture zone.
“Drilling will be undertaken through a gated process whereby success at various stages of the well will be required in order to proceed to the next stage.
Habanero 4 is the first step in an appraisal program that the joint venture has adopted, which, subject to success at the various stages, including the drilling of Habanero 4, as well as other Habanero sites, has the objective of demonstrating a commercial reserve at the Habanero site.”