New re-injection well to be drilled for Maibarara geothermal plant
Discharge of the first well, Mai6D on Maibarara project site, Philippines (source: Maibarara Geothermal Inc.)
Alexander Richter
11 May 2016
Maibarara Geothermal hires Desco Inc. for drilling of a new re-injection well at the Maibarara geotheraml field in Santo Tomas, Batangas, Philippines.
Announced this morning, Maibarara Geothermal Inc. (MGI) has signed a contract with Desco Inc. to conduct drilling services in a geothermal field in Batangas.
The company will provide a drilling rig and services for MB-17RD, a new reinjection well in MGI’s Maibarara geothermal field in Santo Tomas, Batangas.
The well is intended to be spudded by the last week of May and programmed to reach a total depth of 1,900 meters.
MGI, the owner and developer of the Maibarara geothermal-power facility, is a joint-venture company owned 65 percent by PetroGreen Energy Corp. (PGEC), 25 percent by Trans-Asia Oil and Energy Development Corp. (TAO) and 10 percent by PNOC Renewables Corp. (PNOC RC).
PGEC is the renewable-energy holding company 90-percent owned by publicly listed PetroEnergy Resources Corp. (PERC). MGI President FG Delfin Jr. said the impending drilling comes after the final investment decision (FID) was issued for the 12-megawatt Maibarara-2 project (M2) was approved by the MGI board on January 18.
Construction works for the expanded steamfield pipeline system by several contractors have been ongoing since early February.
“We are committed to completing the M2 unit by October 2017 to provide more clean, renewable and reliable baseload power generation for the Luzon grid without the need for feed-in-tariff support,” Delfin said.
PERC Assistant Vice President for Technical Affairs Maria Victoria M. Olivar added, “MB-17RD is intended to increase the reinjection capacity of the expanded Maibarara geothermal field. We will mobilize Desco Rig 30 as soon as we receive approval from the Department of Energy [DOE] of our notice of intention to drill filed last week.”
The company’s 20-MW Maibarara-1 integrated geothermal-power facility, commissioned in February 2014, was declared by the as the first commercial renewable-energy project under the 2008 RE Law.
Source: Business Mirror
