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Maibarara geothermal drilling yields 15-MW output

May 7, 2011

MANILA, Philippines – Drillings for steam resource at the Maibarara geothermal prospect have yielded positive outcome for a 15-megawatt (MW) power facility.

PetroEnergy Resources Corporation, the biggest equity holder in the project, disclosed with the Philippine Stock Exchange that the two wells they drilled “have an aggregate capacity of about 15MW.”

The commercial output at this point though is still lower than the planned development for a 20-MW facility. Hence, the project sponsors noted that “further bore output measurements shall be conducted until the end of May to determine if the commercial output could be sustained.”

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