Iceland:

Iceland Drilling Wins Drilling Contract in Reykjanes (IDC)

IDC Rig Thor drilling for geothermal in Reykjanes peninsula.
(Courtesy Iceland Drilling)

As reported on Iceland Drilling's LinkedIn website, HS Orka hf. and Iceland Drilling (IDC) have signed a drilling contract for HS Orka‘s geothermal plants in Reykjanes. The contract covers three wells with the option to expand for five more. Following a price survey conducted by HS Orka, it was decided to award the contract to IDC.

The drilling rig Thor, is wholly powered by connection to the existing power grid. All energy on the grid comes from HS Orka's environmentally friendly power plants. This saves almost two hundred thousand liters of oil for each well, which is important both from an environmental and economic standpoint.