MB Century sells Rig 32 to Webster Energy Services: what the move means for New Zealand geothermal drilling MB Century and Webster Energy Services have agreed the sale of MB Century’s Drillmec HH350 drilling rig, Rig 32, with completion slated for December 2026 after the rig finishes its current campaign for Tūaropaki Power Company. The transaction signals a strategic shift for MB Century,moving away from direct drilling ownership toward concentrating on engineering, reservoir and technical services,while Webster Energy uses the acquisition to deepen its footprint in the New Zealand geothermal market. This article summarises the deal, then drills into the operational, market and workforce implications for New Zealand’s geothermal sector, the strategic logic for both companies, and what the transaction suggests about capacity, competition and future drilling trends. Deal overview and timeline Parties: MB Century (seller) and Webster Energy Services (buyer). - Asset: Drillmec HH350 rig k...
Unlocking Turkey's Geothermal Potential: Exploring Promising Areas for Multiple Drillings image source: Robert Buluma Introduction: Turkey, situated at the crossroads of Europe and Asia, has a rich and diverse geological landscape that holds immense potential for harnessing geothermal energy. Geothermal power generation offers a sustainable and environmentally friendly alternative to traditional energy sources. In an ambitious move to tap into this potential, multiple drillings are set to take place across Turkey, targeting areas with promising geothermal resources. This article aims to explore some of these areas and shed light on the significant role they could play in the country's renewable energy landscape. 1. Denizli-Pamukkale Geothermal Field: Located in the western part of Turkey, the Denizli-Pamukkale Geothermal Field is one of the most renowned and promising geothermal sites in the country. The region is characterized by its unique travertine terraces, hot springs, an...