Basic Energy to start geothermal drilling in Batangas (The Standard)
Basic Energy Corp. is set to start drilling a geothermal well in Batangas province in the first half, a company official said.
“Target spud date for Mabini is first week of May,” Basic Energy senior vice president Anthony Cuaycong said.
Basic Energy and partner Trans-Asia Oil and Energy Development Corp. signed a joint operating agreement for the Mabini geothermal power project in November.
This validated previous prospective estimates that the project could generate between 20 and 60 MW of energy.
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