Wednesday, May 30, 2018

Canada: Geothermal Resource Well Authorizations issued to Canoe Reach Geothermal Project

BC Oil and Gas Commission Issues First Geothermal Resource Well Authorization (News Release)

The BC Oil and Gas Commission (Commission) has issued geothermal resource well authorizations to Borealis Geopower Inc. for four thermal gradient wells on its Canoe Reach Geothermal Project, south of Valemount B.C.

Borealis Geopower Inc. is a renewable geothermal energy company based in Calgary, Alberta with plans to drill geothermal wells to produce renewable power and heat.

The well authorizations will allow the company to begin drilling for collection of geotechnical and temperature gradient information.

The Commission issued the well authorizations on May 29, 2018 and represents the first time the Commission has issued a well authorization under the Geothermal Resource Act. The Commission was made the provincial regulator of geothermal resources on March 31, 2017.

The Geothermal Resources Act governs development and use of geothermal resources (80 degrees Celsius and above) and the Commission has jurisdiction over the operational requirements.

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