Geodynamics said the completion of Habanero-3 was a major global milestone for geothermal development.

“Proponents of enhanced geothermal system programs in USA, Europe and Japan are looking to the success of the Habanero project to justify new developments in those countries,” the company said.

Since last week, the company has successfully recovered the failed suspension plug and installed surface valves and pipe work in a ‘Christmas Tree’ formation – representing the final stage in the completion of the well.

Now the rig will move about 10km to the next well site, Jolokia-1.