Iceland Drilling signs agreement for geothermal drilling campaign in Nevis

Iceland Drilling rig on site in Dominica, Caribbean (source: ISOR)

Carlo Cariaga 14 Apr 2026

Iceland Drilling has announced the signing of the final agreement for turnkey geothermal drilling services in the island of Nevis in the Caribbean. The contract involves the drilling of six geothermal wells at the Hamilton site. Drilling work is scheduled to begin by September 2026 and is expected to be completed by the second half of 2027.

The signing of the contract makes official the announcement made by Premier of Nevis Hon. Mark Brantley earlier this year, as reported by ThinkGeoEnergy.

“We are very pleased with this agreement. It confirms the strong position that Jarðboranir (Iceland Drilling) has built up in geothermal power generation over recent decades,” said Sveinn Hannesson, CEO of Jarðboranir. “When geothermal power is to be harnessed in challenging environments around the world, Jarðboranir is sought after, which clearly shows how good a reputation we have built for ourselves with quality work and specialized knowledge.”

According to the company statement, a large drill rig will be transported from Iceland to Nevis, and that a total of 100 people are expected to work on the project.

The selection of Iceland Drilling is founded on the company’s past experience in geothermal drilling in the Caribbean Islands. Back in 2022, Iceland Drilling was also selected to drill two wells for the geothermal power project in Dominica – which is expected to be operational soon. The company has also conducted geothermal drilling in Montserrat and in St Vincent.

Geothermal drilling in remote islands comes with its own unique set of challenges related to transportation, planning of infrastructure, and execution. As Iceland Drilling states, such challenges are well within their proven capabilities, backed by more than 80 years of drilling high-temperature geothermal wells

Source: MBL.is and Iceland Drilling via LinkedIn