AWT said it was currently negotiating an alliance with HDR to provide “world-class” field development solutions for future commercial-grade geothermal developments.

The proposed alliance would combine AWT’s well engineering and field development capabilities with HDR’s expertise in geothermal exploration and modelling.

AWT cited a recent study by the Australian National University, which found that the country had the potential for 23 million petajoules of recoverable heat deposits, in addition to favourable geological conditions for high-temperature drilling and well completions.