ignis H2 Energy has signed an agreement for a 2+2 deep geothermal well drilling contract with GEOPET Drilling Services, marking a major milestone in the company’s renewable expansion into Türkiye.
The first two wells will be drilled in the licensed area of Kaynarpinar and Güzelkent, each targeting depths of 3,000 metres. Drilling and testing are scheduled for completion by November this year, with PROCUBEX overseeing the operations as technical advisor.
The agreement builds upon ignis’ successful 2023 cored drilling campaign which validated a conceptual geothermal model and confirmed the direct-use potential of the Kaynarpinar field. This new phase hopes to unlock the potential of electricity generation at both project sites.