Batangas and Laguna residents can look forward to the commencement of a significant geothermal development project, asMAIBARARA GEOTHERMAL, Inc., better known as MGI, has recently awarded a drilling contract toThermaPrime Drilling Corp..
MGI, a joint venture between PetroGreen Energy Corp., ACEN Corp., and PNOC Renewables Corp., announced thatThermaPrime Drilling Corp.will be leading the drilling campaign in this ambitious endeavor. Maria Victoria M. Olivar, MGI's Executive Vice-President and Chief Operating Officer, expressed the company's excitement regarding the partnership:
“We are pleased to entrust ThermaPrime with the challenging and crucial role in our drilling efforts, marking a significant step in our pursuit of a decarbonized and regenerative future,” she said.
Established in 2010,ThermaPrime Drilling Corp.has a proven track record in drilling projects. The company has successfully drilled wells as deep as 3,600 meters and has completed over 1,000 geothermal drilling and workover operations. TDC President and Chief Operating Officer Antonio Mabasa highlighted the significance of the partnership:
The contract awarded to ThermaPrime Drilling Corp. is a testament to our experience and expertise in the geothermal drilling field, and we are thrilled to contribute to MGI's ambitious goal of advancing a sustainable and clean energy future.
The drilling campaign is set to begin in September, with a planned completion date in May 2027.
Geothermal energy, a clean and renewable energy source, has become a key player in the global energy mix, and MGI aims to contribute to a sustainable and decarbonized future with this project.
MAIBARARA GEOTHERMAL, Inc. (MGI) is a joint venture between PetroGreen Energy Corp. (65%), ACEN Corp. (25%), and PNOC Renewables Corp. (10%)
The partnership between MGI and ThermaPrime Drilling Corp., a subsidiary of First Balfour Inc., showcases ThermaPrime's expertise and capability in the geothermal drilling field, and MGI's commitment to advancing a sustainable and clean energy future.
Batangas and Laguna residents can anticipate the implementation of the drilling project, set to commence in September and conclude in May 2027, marking a crucial milestone in the company's pursuit of a sustainable and clean energy future.
Geothermal energy, a renewable energy source that plays a significant role in the global energy mix, is at the heart of MGI's goal of contributing to a decarbonized and sustainable world.
