A geothermal energy pilot plant is providing electricity for a remote wellsite. PHOTO SOURCE: Parex Resources
Parex Resources Inc. (TSE: PXT) produces oil and gas from conventional onshore wells in Colombia’s Llanos and Magdalena basins. On the Las Maracas oil field, it is also producing geothermal energy via modular units to generate approximately 100 kilowatts of electricity for powering pumps and other equipment – a lower-cost and emissions-free alternative to bringing in fuel to the remote wellsite.
“Parex is extremely proud of the Las Maracas Geothermal Pilot Project – Colombia’s first geothermal pilot project,” Mike Kruchten, senior vice president for capital markets and corporate planning with Parex, told Rigzone. “The multi-disciplinary team continues to investigate new project opportunities and regions where it can be expanded to a larger scale to broaden the environmental, social, and economic benefits for all of Parex’s stakeholders and the communities where we live and work.”