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Premier Geo-Exel Inc. bags DOE Geothermal Contract

  In line with the objective of increasing geothermal installed capacity from both conventional and binary technologies by year 2040 and promoting direct-use applications of geothermal resources in the Philippines, the Department of Energy launched a project for geological and geochemical studies of six (6) geothermal prospects, namely Bugias-Tinoc, Pugo-Tuba, Mt. Ampiro-Malindang, Mati-Lupon-Tarragona, Mt. Sembrano, and Coron. Following a bidding process, the project was awarded to Premier Geo-Exel, Inc. (PGEI) on June 28, 2018 for a two year-contract. The contract and notice to proceed (NTP) were signed on August 17, 2018. To date, geological and geochemical fieldwork investigations have been completed in Buguias-Tinoc, Pugo-Tuba, and Mt. Sembrano. Target completion of the project is by end of 2019. The results will be the basis for selection of possible 3 areas for geophysical survey. Source: https://www.ngaphil.com/news-events/premier-geo-exel-inc-bags-doe-geothermal-contract/