Alberta No.1 Geothermal Energy Project announced it agreed with Akita Drilling to be the drilling provider for the exploration well of the project. Therefore, with Akita’s extensive drilling expertise in the Western Canadian Sedimentary Basin, this collaboration will continue to drive the project forward.
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Akita Drilling and Alberta No.1 Geothermal Energy: new agreement
This Thursday, Alberta No.1 Geothermal Energy Project announced Akita Drilling will be the drilling provider for the exploration well of the project. Therefore, with Akita’s extensive drilling expertise in the Western Canadian Basin, this collaboration will continue to drive the project forward.
Besides, “we have always stewarded Alberta No. 1 as a geothermal project ‘built-in Alberta by Albertans,'” says Dr. Catherine Hickson, CEO of Alberta No. 1. Thus, “we are excited to work with an Albertan company with world-class expertise as we deliver the next chapter of the Province’s energy story.”
Moreover, drilling for geothermal heat can lead to significant economic value and emissions reductions for Alberta. Accordingly, Alberta No. 1 will produce a minimum of 5 MWe net of clean, baseload electricity and 300 TJ/year of thermal energy for local industries. Furthermore, these include forestry, manufacturing, and innovative agriculture.
According to the company, the Alberta No 1 project is a natural fit for Alberta’s evolving energy sector. Besides, it will create more than 300 direct and indirect jobs.
Furthermore, “at Akita, we are committed to excellence in performance and safety and providing first-class drilling services that meet the requirements of the evolving energy industry,” says Colin Dease, incoming President of the Canadian Division of Akita Drilling. Hence, “we look forward to working on Alberta No 1 and delivering drilling solutions in this developing geothermal sector.”
Indeed, Alberta No 1 is a geothermal energy project located in the Municipal District of Greenview No 16. Besides, the project is owned by the No. 1 Geothermal Limited Partnership.
The project’s characteristics
Moreover, Edmonton-based Terrapin Geothermics Inc. develops and manages the project. Furthermore, Alberta No 1 partially uses the Emerging Renewable Power Program’s funds, which Natural Resources Canada administers.
- Five wells proposed (production and injection)
- Minimum 8 MWe gross (5 MWe net) binary geothermal facility
- First Canadian deployment of an Organic Rankine Cycle (ORC) radial outflow turbine for geothermal power generation
- District heating system providing heat to several light industrial facilities
Moreover, Akita Drilling is a public company operating out of Calgary, Alberta. Also, the company is a premier Canadian drilling contractor with a fleet of 37 drilling rigs.
Besides, the Calgary-based company provides contract drilling services through two geographical segments; Canada and the United States.
Furthermore, Akita’s Canadian division operates both wholly-owned rigs and rigs that Akita and First Nations. Also, Metis partially own the project. Finally, Inuit joint venture partners, including Akita Mistiyapew Aski Drilling Ltd., Akita Equtak Drilling Ltd., and Akita Wood Buffalo Drilling Ltd.
Source: company release by email