Basic Energy said in a statement its joint venture with Trans-Asia approved a drilling program to spud an exploratory well in the geothermal prospect in Mabini, Batangas. The companies said they submitted a notice of intent to drill to the Energy Department.
Diamond Drilling will provide services for the drilling and coring of an exploratory hole with a minimum depth of 1,500 meters. The drilling is set to be completed within 90 days.
Located in the Calumpan Peninsula, the Mabini geothermal sevice contract no. 8 covers 3,841 hectares.
The area based on the pre-feasibility study is expected to yield a power capacity of between 20 megawatts and 60 MW.
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