Alberta invests up to $50M in a new drilling test site for oil, gas, and geothermal industries.

Alberta plans to invest up to $50 million to create the Alberta Drilling Accelerator, a first-of-its-kind drilling test site in Canada. The site will allow companies to test technologies for deep drilling and varying conditions in the oil, gas, geothermal, and lithium industries. Companies like Eavor Technologies and Halliburton have shown interest in participating. The site, funded by Alberta's TIER program, aims to start operations in 2026.

November 25, 2024
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