Star Energy Geothermal, a subsidiary of PT Barito Renewables Energy (BREN), is collaborating with global energy technology company SLB to accelerate technology in developing geothermal assets aimed at increasing the efficiency and economy of the company’s geothermal assets.
SLB is a global technology company that drives energy innovation and is listed as an issuer on the New York Stock Exchange, the United States (U.S.).
This collaboration combines the capabilities of Star Energy Geothermal and SLB for geothermal energy development to create and industrialize technological solutions for the energy sector. The goal is to implement technology that can improve the economics of conventional geothermal projects and increase the recovery rate of geothermal assets.
Irlan Amir, Vice President of Renewables and Energy Efficiency at SLB, said that collaboration with customers is key to developing geothermal technology, especially focusing on those with the greatest economic impact.
SLB presents innovative technology that can minimize project risks in large industries, with high risks and levelized costs.
“Our technology also improves the overall project economics of clean and flexible energy sources,” Irlan said on Thursday, January 23, 2025.
Hendra Soetjipto Tan, President Director of Barito Renewables and Group CEO of Star Energy Geothermal, said the company currently manages an installed electricity capacity from geothermal energy of 886 Megawatts (MW).
He said that through technological support from SLB and the company’s expertise in developing and managing geothermal resources, he was optimistic that through this collaboration, various technical challenges would be overcome.
He assessed that this collaboration could also change the economics of conventional geothermal projects and increase the recovery rate of geothermal assets.
“Our vision is to become one of the largest and leading geothermal companies in the world,” Hendra said.
SLB has previously collaborated with Star Energy Geothermal in implementing technological solutions that optimize the placement of geothermal wells and utilize artificial intelligence (AI), to increase the efficiency and economy of the drilling process.
Through this collaboration, both will focus on the development and implementation of technologies that include subsurface characterization, drilling, and geothermal asset production.
