MAIBARARA GEOTHERMAL, Inc. (MGI) has awarded a drilling contract to ThermaPrime Drilling Corp. (TDC) for its geothermal exploration program in Batangas and Laguna. In a statement on Wednesday, MGI said TDC will drill exploration wells to planned depths of 2,100 meters to 3,000 meters in accordance with international safety and operational standards. MGI Executive Vice-President and Chief Operating Officer Maria Victoria M. Olivar said geothermal development requires significant upfront investment, long lead times, and entails technical risks. Established in 2010, TDC provides geothermal well drilling services. The company said it has drilled wells as deep as 3,600 meters and has completed more than 1,000 geothermal drilling and workover operations.