North Tech Drilling Signs Landmark Contract with HS Orka
16 March 2023
NTD, subsidiary of Icelandic company North Tech Energy, entered into a contract this year with HS Orka hf., one of the biggest private energy companies in Iceland
Iceland has long been known for the resourceful, unique uses of the country’s naturally abundant renewable energy resources.
Collaboration between Icelandic industry leaders is therefore a common and innovative move to drive forward new domestic energy projects and developments. North Tech Drilling (NTD)’s recent contract with HS Orka is a major example of the benefits of this kind of partnership.
This open contract, signed in February of this year, is for supervision and consultancy of drilling activities. Beyond overseeing drilling operations, NTD will also be responsible for the necessary planning and preparing prior to the start of designated HS Orka drilling projects.
The first of HS Orka’s projects to be supervised by NTD will begin in April, at the Reykjanes Power Plant.
A subsidiary of the Icelandic company North Tech Energy, NTD prides itself on the geothermal drilling experts which make up its highly experienced team. The company specialises in providing energy companies with proficient and sustainable geothermal drilling solutions around the world. Learn more about NTD and their innovative drilling technology here.
HS Orka was founded in 1974, and has been leading the production of renewable energy in Iceland ever since. Innovation and creative thinking have always been at the core of the company’s operations, and they continue to be at the heart of the Resource Park, where the use of all resource streams is emphasized. HS Orka owns and operates two geothermal power plants on the Reykjanes peninsula in addition to a run of the river hydro plant.