Another milestone has been reached on the GeoShot NZ project which aims to drill New Zealand\u2019s first superhot geothermal well, Regional Development and Resources Minister Shane Jones says.<\/p>\n
The Ministry of Business, Innovation and Employment will deliver the project with joint venture partners Mercury NZ and Tauhara North No.2 Trust at Rotokawa Geothermal Field, with New Zealand firm Todd Energy, being selected as the preferred drilling contractor.<\/p>\n
\u201cWe now have a credible site, expert partners, strong oversight, and a programme that is technically sound and internationally connected,\u201d Mr Jones says.<\/p>\n
\u201cCabinet has now approved the release of the remaining $55m from the $60m initially ring-fenced in the Regional Infrastructure Fund (RIF). This funding will go to pre-drilling activity and the drilling of a deep exploratory well. This includes securing long\u2011lead equipment, contractors, and completing the work needed to safely drill and test the well.<\/p>\n
\u201cGovernment support is critical to getting this pioneering high-risk but high-reward activity underway.<\/p>\n
\u201cNew Zealand has been a geothermal pioneer since the 1950s. We are working closely with other countries, including Iceland, which is drilling its own superhot wells. This knowledge-sharing is critical when we are operating at the edge of what is technologically possible.\u201d<\/p>\n
The first stage of the project included the detailed design of the first of three planned wells and evaluating the options for specialist materials to cope with higher temperatures and pressures. That work, funded with $5m from the RIF, is now complete, clearing the way for the next stage.<\/p>\n
\u201cThis project, if we succeed, will strengthen our national capability and energy resilience, and deliver long-term regional benefits,\u201d Mr Jones says.<\/p>\n
The project will target superhot fluids at depths of around 4\u20135km \u2013 about twice as deep as conventional geothermal wells and with about three times the energy. The challenge is in developing the technology that can withstand the extreme heat and pressure at this depth then harness the energy at the surface.<\/p>\n
\u201cIt has always been my view that the Crown must assume leadership for energy security. This project is a critical step forward in terms of long-term security. We are proving what is possible, building national and regional expertise. This is the groundwork for future unlimited, clean, and affordable energy,\u201d Mr Jones says.<\/p>\n
For further information go to: www.growregions.govt.nz\/GeoShotNZ<\/p>\n","protected":false},"excerpt":{"rendered":"
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