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U.S. Geothermal awarded Guatemala rights
U.S. Geothermal Inc. said that its subsidiary, U.S. Geothermal Guatemala S.A., was recently awarded a geothermal energy rights concession in Guatemala. The concession area is located 14 miles southwest of Guatemala City and contains 24,710 acres of energy rights located in the center of the Agua and Pacaya twin volcano complex.
A key asset included in the concession, the company said, is the El Ceibillo geothermal project which has nine existing geothermal wells of depths ranging from 560 to 2000 feet drilled during the 1990s and a significant amount of geophysical and other technical data.
Six of the wells have measured reservoir temperatures in the range of 185 to 204°C. Fluid sample and rock cutting data from the wells suggest the existence of a deeper, higher-permeability reservoir at this site with temperatures ranging from 210 to 230°C. These wells have high conductive thermal gradients that indicate rapidly increasing temperatures with depth, U.S. Geothermal said. Two wells are currently producing steam for local industrial use.