Contract signing between the Croatian Hydrocarbon Company and drilling firm Crosco (supply: AZU)
The Croatian Hydrocarbon Company has signed a contract with Crosco for analysis drilling in 4 geothermal exploration websites in Croatia.
The Hydrocarbon Company of Croatia (AZU) has awarded a contract to CROSCO, naftni servisi, doo (Crosco) for the design, procurement of supplies and development of exploratory geothermal wells on a turnkey foundation for areas in Velika Gorica, Zaprešic, Osijek, and Vinkovci. The whole worth of the contract is EUR 39.7 million.
2D seismic and magnetotelluric surveys have already been performed at these 4 areas (plus two others). By drilling and testing the analysis wells, Crosco will decide the potential of using geothermal sources within the research websites and the parameters essential to carry the wells into manufacturing. Preparatory work for drilling is anticipated by the top of 2024 with drilling of the primary nicely set to begin by the spring of 2025.
“Crosco is a famend home firm with intensive expertise in drilling, each on land and at sea. This ensures us the skilled and secure development of exploratory geothermal wells. We on the Company are significantly happy to have such a accomplice within the execution of this extraordinarily essential and demanding undertaking that performs a key function in attaining the inexperienced transition of the Republic of Croatia, particularly within the heating sector,” mentioned Marijan Krpan, President of the Administration Board of AZU after signing the contract.
“The signing of this contract with the Hydrocarbons Company is a affirmation of the main function of Crosco within the nation and the area in the case of service companies. Along with the manufacturing of oil and fuel wells, we’re additionally energetic in offering companies within the rising geothermal vitality market,” added Ferenc Tarr, Director of Crosco.
Crosco had lately accomplished the drilling of the Koronevo GT-1 nicely within the Veliko Koronevo website in Bjelovar. The corporate can be concerned within the drilling operations on the Ernestinovo license space being developed by UK-based Star Power Group.
INA and STSI – Built-in Technical Companies might be offering help to Crosco on the issuance of permits, design, location preparation, and tools mobilization. “INA, along with its firms, has been efficiently supporting Croatia’s vitality improvement for 60 years, and by signing in the present day’s contract, we show that INA might be counted on sooner or later as nicely,” mentioned Zsuzsanna Ortutaty, President of the Administration Board of INA.
Monetary sources for testing and confirming the geothermal potential had been granted to AZU as a part of the Nationwide Restoration and Resilience Plan program, by way of measure C1.2. R1-I2 “Encouraging vitality effectivity, heating and renewable vitality sources for decarbonization of the vitality sector “.
Supply: Croatian Hydrocarbon Company
