Geothermal exploratory licences granted on Saba and St Eustatius

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By Frédéric Gerard

POINTE-A-PITRE, Guadeloupe — Teranov, the French geothermal developer based in Guadeloupe, has been recently granted geothermal exploratory licences by the Executive Councils of Saba and of St Eustatius in the Dutch West Indies.

These exclusive permits authorise their holder to explore geothermal resources over the next three years on both islands in order to qualify geothermal resource for further industrial exploitation. They also give Teranov priority rights to access the resource once it will be qualified.

Jacques Chouraki, president of Teranov, stated “Those two exploratory licences are major steps for the cooperation project “Leeward Islands’ Geothermal and Digital Interconnexion Hub in St Martin”, led by the Executive Council of St Martin (French West Indies). With these permits granted, Teranov reinforces its position in the Caribbean geothermal market.”

Preliminary surface investigations have already started with geochemical samplings. MagnetoTelluric (MT) surveys as well as geological campaigns are foreseen to be implemented during the coming months.

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