Vulcan Energy Begins Mobilisation of V20 Drill Rig for Phase One
- Vulcan's Phase One targets 24,000 tonnes per annum of lithium hydroxide monohydrate.
- V20 rig has 2500 horsepower, 550 tonnes hook load, and 7500 psi fluid pressure.
- V20 rig operations are scheduled to start in Q2 2025 after commissioning.
- Vercana will mobilize V10 rig to Trappelberg after Phase One financing closes.
Project Overview
Vulcan Energy has commenced execution of its Phase One renewable energy and lithium project by mobilizing the V20 drilling rig to the Schleidberg well site near Landau, Germany. The project aims to produce approximately 24,000 tonnes per annum of lithium hydroxide monohydrate for electric vehicle batteries, alongside renewable heating and power from lithium-rich brines in the Upper Rhine Valley Brine Field.
Infrastructure and Equipment
Key infrastructure works, including well pad construction, crew camp establishment, and access roads, have been completed. The V20 rig, with 2500 horsepower, 550 tonnes hook load capacity, and a 7500 psi fluid pressure system, is being mobilized by Vulcan's geothermal well execution company, Vercana.
Regulatory Approvals and Logistics
The Mining Authority approved the Special Operations Plan and transport permits for the V20 rig in Q4 2024, with additional permits for specific components. Increased transport activity is expected during mobilisation, and Vulcan has engaged with local stakeholders to ensure smooth execution and minimal community disruption.
Timeline and Future Plans
Following assembly, routine commissioning and technical testing will be conducted for the safe operation of the V20 rig. Well execution operations are scheduled to begin in Q2 2025, contingent on successful commissioning. Vercana's other electric drilling rig, V10, will be mobilized to the Trappelberg well site after the closure of Vulcan's Phase One financing.
Source: Vulcan Energy