Drilling progress for the geothermal expansion project on Azores Islands, Portugal

IDC Drillmec HH-220 rig on the island of Azores

Following mobilization and rig up of our Drillmec HH-220 rig in the Azores, then geothermal drilling operations have started. First well is already finalized successfully and the second already in progress. The geothermal area is in Ribeira Grande on the island of Sao Miguel.

Iceland Drilling Company have successfully mobilized their drilling rig which is Drillmec HH-220 from the Island of St. Vincent in the Caribbean to the Azores Islands.  Following land transport and rig up procedures, then geothermal drilling operations have started. First well already finalized successfully and the second already in progress.  The geothermal area is in Ribeira Grande on the island of Sao Miguel.

The project involves the drilling of three to six geothermal wells in Ribeira Grande up to a depth of 1500 meters.  Once finalized the drilling rig will be mobilized to the nearby island of Terceira for additional drilling of two to three wells at Pico Alto geothermal field.  The purpose of the drilling is to increase the electric generation capacity at existing power plants.

Sigurdur Sigurdsson, the CEO of IDC, underscored that this drilling project marks the 5th geothermal drilling project operated by Iceland Drilling Company on the islands of the Azores.  We are very glad to have contributed toward activation of geothermal power generation in the Azores.  We are islander just like Azores and realize the importance of utilizing domestic clean energy source for energy security. We look forward to the good cooperation and to continue to create value for our client in Azores.

According to Carlos Bicudo, Board Member of EDA Renováveis

The exploitation of geothermal resources in the Azores guarantees 25% of all electricity generation on the islands. The contribution of geothermal is even higher in each power generation system, reaching up to 44% in São Miguel island and 12% in the Terceira island. With about four decades of exploitation in the Azores, geothermal has proven to be a cost-effective option, providing reliable and sustainable power, and reducing the carbon footprint of power generation.

We are planning to increase the geothermal capacity in São Miguel and Terceira Island, passing from the current 23 to 28 MW and from 3,5 to 10 MW, respectively. The ongoing drilling campaign corresponds to first phase of this ambitious investment plan. We are very glad to have the cooperation of Iceland Drilling Company for this project as drilling contractor, who already drilled most of our wells, and we look forward to working together once again.

Iceland Drilling Company has secured a drilling contract to drill 9 wells for expansion of geothermal capacity on the Azores, Portugal.

 

EDA Renováveis have awarded Iceland Drilling Company (IDC) a new drilling contract on the Azores, for drilling geothermal wells on the islands of Sao Miguel and Terceira. This is the result following an open tender in the European Area, where the company participated in competition with two other European drilling companies. The project involves drilling for nine (9) geothermal wells, with an estimated depth of 1,000 to 2,300 meters. The value of the contract is about EUR 18,6 million.

Ahead is further preparation for the project on the Azor Islands. IDC plans to mobilize the drilling rig „Odin“ in the springtime from the island of St. Vincent in the Caribbean, where the company is completing drilling three geothermal wells. The spud in is expected to begin on the Azor Islands this early autumn, first on the island of Sao Miguel, where there are currently two power plants utilizing the geothermal wells drilled by IDC some 8-15 years ago. Then the plan is to mobilize the rig to the island of Terceira, but there is already one geothermal power plant producing up to 3 MWe.  The working time is estimated to be 12-18 months.

According to Sigurdur Sigurdsson, CEO of IDC, this agreement is important for the company, as drilling activity in Iceland will be minimum for the next two years.  IDC previous experience of contracting in the Azores and beyond is a good roadmap for this project, but over the past 15 years the company has done a lot of work in acquiring projects abroad and now the company has drilled geothermal wells in a total of 10 countries around the world. The company is respected in the international market for its expertise it has acquired in Iceland and abroad. Interest in the utilization of geothermal energy for energy generation and central heating is growing in many parts of the world, where it is environmentally friendly and renewable energy.

Feb 2020

Meet us at GeoTherm in March 2020 in Offenburg

We wish to inform you that representatives from Iceland Drilling Company will be attending as visitors the upcoming GeoTherm conference in Offenburg, Germany 5-6th of March 2020

If you will attend GeoTherm as well, we would greatly appreciate the opportunity to meet with you during the conference.  It would be interesting to learn about your current activities and future plans in the geothermal sector and to have the opportunity to introduce our drilling services for geothermal power projects in European countries such as Germany, UK and Holland.

We are interested to meet developers, investors and other players that could benefit from our Integrated Geothermal Drilling solution that will contribute to speed up your development.

From IDC there will be present:

Sigurdur Sigurdsson CEO

Vilhjalmur Gudmundsson, Director Sales and Marketing

Bruce Gatherer, Drilling specialist

Iceland Drilling Company signs a new contract for geothermal project on St. Vincent, Caribbean

Iceland Drilling Company signs a new contract for geothermal project on St. Vincent, Caribbean

Signing in Reykjavik.  Front row, Sigurdur Sigurdsson CEO IDC, Gunnar Örn Gunnarsson COO RG and standing are from left, Garðar Sigurjónsson Project Manager IDC, Vilhjálmur Gudmundsson Director Business Development IDC, and Thorleifur Finnson, Project Manager SVGCL. 29th of November 2018 St. Vincent Geothermal Company Limited (SVGCL) and Jardboranir hf. (Icelandic Drilling Company, IDC) have today, […]

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Iceland Drilling signs new drilling contract in Djibouti

Iceland Drilling signs new drilling contract in Djibouti

June 2017 Electricité de Djibouti (EdD) has completed an agreement with Iceland Drilling Company (IDC) for geothermal drilling works in the Fiale Caldera area within the Lake Asal region of Djibouti.  The geothermal area is 100 KM west of Djibouti city.  The drilling contract was signed on the 21st of May 2017.The project involves the […]

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Meet us at GEOLAC, Mexico April 25-27

March:2017 Iceland Drilling Company (IDC) will be participating at the upcoming Geothermal Conference for Latin America and the Caribbean (GEOLAC). If you will attend GEOLAC as well, we would greatly appreciate the opportunity to meet with you during the conference.  It would be interesting to learn about your current activities and future plans in the […]

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Iceland Drilling completes IDDP-2 well at Reykjanes

A significant milestone has been reached in the IDDP-2 Project at the Reykjanes Peninsula in Iceland as drilling was completed in mid-January at 4,650 meter depth. All of the initial targets were reached.  These targets were to drill deep, extract drilling cores, measure the temperature and search for permeability. Temperature at the bottom of the […]

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