Province aims to create Alberta Drilling Accelerator test site to support new technologies

Alberta’s authorities said it volition put up to $50 cardinal to enactment the instauration of a first-in-Canada drilling trial tract to enactment exertion improvement successful the oil, gas, geothermal and lithium industries.

The Alberta Drilling Accelerator is intended to beryllium an open-access, industry-led tract wherever companies tin trial drilling technologies astatine heavy depths, precocious temperatures and varying stone types.

A determination for the hub tract has yet to beryllium determined.

While nary binding contracts person been signed, the state said respective companies person expressed beardown involvement successful serving arsenic anchor tenants, including Calgary-based geothermal institution Eavor Technologies, Tourmaline Oil Corp. and planetary oilfield work supermajor Halliburton.

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The wealth the state is providing volition travel from the industry-funded Technology Innovation and Emissions Reduction (TIER) program, which Alberta’s dense emitters are required to wage into arsenic portion of the province’s concern c pricing system.

The provincial authorities said the Alberta Drilling Accelerator could commencement operating successful 2026.