San Jacinto-Tizate drilling program continuing in Nicaragua

San Jacinto-Tizate drilling program continuing in Nicaragua Plant in San Jacinto Tizate, Nicaragua (source: PowerEngineers)
Alexander Richter 11 May 2016

Polaris Infrastructure continues its drilling program to add additional steam capacity to boost production of its San Jacinto-Tizate geothermal plant in Nicaragua.

In its financial report for the first quarter of this year, Polaris Infrastructure provides details on its San Jacinto-Tizate drilling project.

Having had trouble to operate the San Jacinto-Tizate plant at the installed capacity, Polaris has initiated a drilling program in 2015 that is drilling additional production wells to boost production.

The plant currently operates at 48.4 MW (net) with quarterly revenues for the company of $12.6 million, essentially at the same capacity as last year.

Polaris is continuing with its 2015/2016 Drilling Program. “The first new production well, SJ 6-3, is in the midst of thermal recovery and will be connected to the plant in the third quarter of 2016. We are confident that SJ 6-3 is a commercial well and will provide specific guidance as to estimated additional steam flows and hence MW contribution once production testing is complete. Drilling of the second new production well, SJ 14-1, was completed in late April 2016, and preliminary results are anticipated in June 2016. The first of four injection well workovers has been completed, with the balance to occur in May and June, 2016, at which point we will begin drilling SJ 9-4, our third new production well. A more detailed discussion of the 2015/2016 drilling program can be found in our MD&A.”

Source: Company release via Stockhouse