DEEP Earth Energy Production Corp. and SLB have entered a strategic collaboration to drive geothermal development in Canada with the country’s first next-generation project in Saskatchewan.
The feasibility phase of the project is now complete, marking a milestone moment for the Canadian geothermal industry as the project is poised to produce up to 30MW of baseload power upon its completion.
DEEP’s geothermal project will leverage conventional oil and gas approaches to deploy advanced horizontal drilling techniques to access some of the most productive zones in the rock formation as well as utilise production enhancement technologies to optimise geothermal output.
The project will be supported by SLB’s global expertise in geothermal technology, integrated well construction and extensive regional drilling experience to represent a first-of-its-kind development in Canada.
Kirsten Marcia, President and Chief Executive Officer for DEEP, said, “We are thrilled to welcome SLB as a key partner in this transformative project, which also includes Ormat as part of an integrated geothermal asset development model […] By joining forces, we are developing our asset in a streamlined fashion, combining the best of subsurface and surface technologies, while maximizing efficiencies, operations, and ultimately, power output.
“This project is not only a major step forward for our company but also should represent a meaningful contribution to Canada’s goals to reduce emissions and secure local energy resources.”
As part of the collaboration, SLB will provide engineering design and integrated well construction services including the development of two production and two injection wells in phase one and up to 18 wells in phase two.
Despite Canada’s vast geothermal potential, it is still an energy source that remains largely untapped due to economic and technical challenges tied to conventional extraction methods. The project aims to address those barriers and establish a new benchmark for the renewable energy sector within the country.