SLB and Ormat Technologies have entered into a strategic collaboration to develop integrated geothermal projects which reduce the associated risks while improving overall economics and ensuring long-term reliability.
The integrated offering will provide developers with a comprehensive suite of solutions, including exploration and resource assessments to power plant commissioning and operation.
Both SLB and Ormat will provide operators with traditional and next-gen geothermal solutions, such as enhanced geothermal systems (EGS) and advanced geothermal solutions (AGS), with SLB obtaining a license of Ormat’s ESG patent.
The collaboration combines Ormat’s expertise in geothermal fields and project development, power plant design, manufacturing, operations, and engineering, procurement and construction capabilities with SLB’s expertise in reservoir characterization, well construction, completions and production technologies.
Irlan Amir, Vice President of Renewables and Energy Efficiency for SLB, said, “Geothermal energy represents a significant opportunity for the energy transition, providing clean, baseload renewable power. By combining our expertise with Ormat’s, we can help customers unlock the full potential of geothermal resources and accelerate the deployment of this sustainable energy source.”
Paul Thomsen, Vice President of Business Development at Ormat Technologies, commented, “Ormat’s world class geothermal development and technology expertise perfectly complements SLB’s significant reservoir knowledge and well construction technologies and expertise. Together, we can deliver more projects, offering exceptional value to our developers and contributing to a cleaner energy future.”
