Daldrup & Söhne AG receives another order from Switzerland for geothermal drilling
DGAP-News: Daldrup & Söhne AG / Key word (s): Incoming Orders
18.10.2021 / 07:34
The issuer is solely responsible for the content of this announcement.
Corporate news
Daldrup & Söhne AG receives another order from Switzerland for geothermal drilling
Oberhaching / Ascheberg, October 18, 2021 – The drilling technology and geothermal energy specialist Daldrup & Söhne AG (ISIN DE0007830572) has received an order from a regional Swiss consortium for a diverted exploratory borehole and an optional second borehole to develop a hydrogeothermal reservoir in the middle of the Jura at Vinzel in western Switzerland. The pre-contract value for the first well is in the mid single-digit million euro range, while the optional second well is of a comparable size from today’s perspective.
From June 2022 the first borehole is to be drilled with the Drillmec drilling rig “DS 20” with a hook load of 272 tons. The planned final depths of all boreholes are between 2,300 m MD (Measured Depth) and 2,600 m MD and are intended to provide local heating.
In addition to the order in the Rhone Valley near Lavey (see Corporate News from June 23, 2021), this is the second order for Daldrup & Söhne AG to expand geothermal energy in western Switzerland. With this, Daldrup & Söhne AG is further expanding its good market position in Switzerland for special and exploratory drilling as well as geothermal drilling.
Daldrup & Söhne AG is currently experiencing – also due to the rising energy prices for fossil primary energy sources – a further increase in demand, especially for drilling services for geothermal projects to generate electricity and heat. The potential of geothermal energy as an important component in the mix of renewable energies for secure and decentralized supply is increasingly becoming the focus of attention for governments and companies.
About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with an extensive company history
more than 70 years has been a specialized provider of drilling and environmental services and is part of a single unit
to the leading companies in Germany. The activities are divided into the business areas
Geothermal energy, raw materials & exploration, water extraction as well as environment, development
& Services (EDS). The Geothermal Business Unit offers drilling services for near-surface
Geothermal energy (especially geothermal probes from heat pumps) and drilling services for deep
Geothermal energy up to 6000 m, in order to make geothermal energy accessible for
Electricity and / or heat generation. In the Raw Materials and Exploration division, the
Drilling by Daldrup & Söhne AG is used to explore and develop deposits for fossil fuels
(especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The water
The extraction business area includes well construction for the extraction of drinking, service,
Medicinal, mineral, boiler feed or cooling water as well as thermal brine. The environment,
Development & Services (EDS) division includes special environmental technology
Services such as the hydraulic remediation of contaminated sites, the drilling of gas wells for
Recovery of landfill gas, the provision of groundwater quality measuring points or the
Installation of water treatment systems.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).
Disclaimer of liability
This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or the acquisition of securities. This publication and the information contained therein are not for direct or indirect distribution in or within the United States of America (“USA” ), Canada, Australia or Japan.
Contact press & investor relations
Daldrup & Sons AG
Falk v. War home
Phone +49 (0) 2593-9593-29
Fax +49 (0) 2593-9593-60
Bajuwarenring 17a [email protected]
82041 Oberhaching www.daldrup.eu
10/18/2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP sales services include regulatory notices, financial / corporate news and press releases.
Archive on www.dgap.de