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MB Centuary sells a drilling rig

By Robert Buluma Alphaxioms
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...
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Geothermal Exploration Planned in Ayvacık, Türkiye – Doğal Hayat Project

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By Robert Buluma Alphaxioms
Doğal Hayat Geothermal plans to drill an exploration well in Yeşilyurt, Ayvacık, Türkiye, to assess local geothermal potential for sustainable agriculture and tourism.

The project’s main goal is to evaluate the local geothermal potential and explore sustainable uses for agriculture and tourism.

The plan includes drilling an exploration well (YO‑01) on parcel 160, block 7, within the company’s geothermal licence area (access number 3248844). The site spans roughly 9,000 m² of privately owned land, strategically chosen for its geothermal potential.

Because the land is classified as an olive grove, all operations will comply with Turkey’s Olive Tree Law (No. 3573) and Soil Protection and Land Use Law (No. 5403). The regulatory authority has determined that a full Environmental Impact Assessment (EIA/ÇED) is not required at this stage.

If geothermal resources are confirmed, Doğal Hayat Geothermal plans to develop tourism and agricultural applications, including thermal tourism facilities and geothermal greenhouses. The specific usage will depend on the temperature and characteristics of the resource discovered during drilling.

This project emphasizes Turkey’s growing geothermal potential, especially in the Aegean and Marmara regions, where geology and high heat flow are favorable. Local communities could benefit from new job opportunities, tourism growth, and enhanced agricultural production.


Doğal Hayat Geothermal’s initiative reflects a strategic step in Turkey’s renewable energy journey, showcasing how geothermal energy can support sustainable development, eco-tourism, and clean agricultural practices.

Source: Energigunul 

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