Thursday, September 27, 2012


Iceland Drilling to Drill Two Wells for HS Orka at Reykjanes (Think Geoenergy)

HS Orka and Iceland Drilling have signed a contract for the drilling of two geothermal wells and possibly a third one on the Reykjanes peninsula.

The agreement was signed after HS Orka had received two offers from Iceland Drilling (Jarðboranir) and Geodrilling Iceland (Borfélag Íslands). Both offers were economic for HS Orka.

Drilling these two wells is to secure the current operation of the Reykjanes geothermal power plant with additional back up capacity as well as prepare for an increase in capacity of the plant.

Iceland Drilling is now planning to move its largest Bentec drilling rig from Denmark to Iceland. The drilling now is going to be a special case, as it will be drilled with power from the power plant instead of traditional diesel powered machine. The rig is expected to arrive within a month and drilling is expected to start around mid-November 2012.