Daldrup secures drilling contract for Geretsried project, Germany

Daldrup drilling rig on site in Geretsried, Germany (source: Daldrup & Söhne AG)

Daldrup & Söhne AG (ISIN DE0007830572) has been commissioned by the Ruhr University Bochum within the scope of a research project to complete the 5,700 m long well of Enex Power Germany GmbH in Geretsried, Bavaria, and to conduct investigations on possibilities of further development therein. The project value is in the upper single-digit million Euro range, so the company in its release.

The Geretsried failed to secure sufficient productivity of fluids from the earlier wells drilled and the research is now set up to revamp the project.

The project aims to demonstrate the improvement of the hydraulic connection to a fractured thermal water reservoir and its technical feasibility. Existing fractured rock systems already developed by Enex Power Germany GmbH are to be used like a “natural heat exchanger”. Work will start as early as the 2nd quarter of 2021.

Board spokesman Andreas Tönies: “The network research project is a further step towards enabling the development of geothermal energy in regions that previously seemed unsuitable for hydrothermal development. The results will help to make more efficient use of the enormous potential of geothermal energy as a constant and base-load capable technology for electricity and heat production.”

Source: Company release