Maibarara Geothermal Inc. (MGI) has tapped Desco Inc. to conduct drilling services in a geothermal field in Batangas.
The company said on Wednesday it signed a contract for the provision of 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 20 MW 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).
