Ethiopia Renegotiates Key Deals to Restart Multimillion‑Dollar Geothermal Projects: Tulu Moye and Corbetti Move Toward Restart After years of security disruptions, financing shortfalls and contract disputes, two of Ethiopia’s highest‑profile geothermal concessions , the Tulu Moye (Meridiam/Reykjavik Geothermal) and Corbetti projects , are actively renegotiating with senior government authorities to resume development. The talks mark a practical pivot from litigation and prolonged suspension toward restarting drilling and project implementation, with implications for Ethiopia’s energy mix, investor confidence and the regional geothermal supply chain. Why these renegotiations matter For an emerging geothermal market like Ethiopia, the fate of Tulu Moye and Corbetti matters on three fronts: capacity and grid impact, investor signaling, and the country’s ability to mobilize large, foreign‑led project finance. Each project alone represents several hundred megawatts of potential dispatchable...
Photo Credit: World Oil
WildFire Energy has made a significant acquisition in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation.
The acquisition includes approximately 377,000 net acres and 1,350 wells, positioning WildFire as a leading operator in the Eastern Eagle Ford basin with a total of 2,000 gross wells on 600,000 contiguous net acres.
The acreage acquired had an average net daily production of 27,700 boe (85% liquid) during Q3 2022 and as of December 31, 2021, had net proved reserves of 96.8 MMboe.
This acquisition is highly synergistic with WildFire's existing assets and the consolidation of 600,000 contiguous acres is transformative for the company.
It will drive economies of scale and deliver more high-margin barrels to the advantageous Gulf Coast market.
WildFire Energy is an independent energy platform company formed to acquire and optimize production-weighted oil and gas assets, and is led by CEO Anthony Bahr, President and COO Steve Habachy, and CFO Drew Cozby.
Source: World Oil
#Wildfire #Eagle Ford #Oil
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