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...
Powering the Future: HD ehf's Groundbreaking Venture with HS Orka in Svartsengi
In the heart of the Sudomes community lies a beacon of innovation and progress – the Svartsengi power plant. This bustling hub of energy production has long been a symbol of power and resilience in the region. However, a new chapter is about to unfold as HD ehf, a leading player in the energy sector, embarks on a transformative journey with HS Orka to expand this vital facility.
In a monumental agreement signed on March 8th, HD ehf committed to equipping and expanding the Hs Orka power plant in Svartsengi. This partnership signifies not only a significant investment in infrastructure but also a bold step towards shaping the future of sustainable energy.
The scope of the project is nothing short of awe-inspiring. From material procurement to construction and installation, every aspect has been meticulously planned to ensure seamless execution. Platforms, stairs, pipe supports, and a sophisticated piping system will be constructed within the plant building, while a state-of-the-art pump station will be erected at the cooling tower. The installation and assembly of drop separators, gas absorbers, cooling towers, and turbine equipment will further enhance the plant's efficiency and capacity.
What sets this endeavor apart is not just its scale, but its profound impact on the community. The Svartsengi power plant holds a special place in the hearts of Sudomes residents, serving as a symbol of progress and prosperity. By investing in its expansion, HD ehf and HS Orka are not only meeting the growing energy demands but also bolstering the region's economy and infrastructure.
Moreover, this project marks a milestone in HD ehf's history, as the equipment installation contract stands as the largest single contract the company has ever undertaken. It speaks volumes about their expertise, commitment, and vision for a sustainable future.
But perhaps the most captivating aspect of this venture is its timeline. With work set to commence promptly, the project is targeted for completion and handover by October 30, 2025. This ambitious goal underscores the determination and efficiency of all parties involved, showcasing their unwavering dedication to bringing this vision to life.
Our recent article encompounds how Kolos Geothermal Heating Plant Project come into life
As we eagerly anticipate the transformation of the Svartsengi power plant, one thing is certain – the future of energy is bright, and HD ehf and HS Orka are at the forefront of driving change. Together, they are not just expanding a power plant; they are paving the way for a cleaner, more sustainable tomorrow.
Source:HD Technical Services
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