JFE Venture Starts Geothermal Test Drilling in Northern Japan
A venture set up in 2011 between JFE Engineering Corp., Japan Metals & Chemicals Co. and JMC Geothermal Engineering Co. is conducting the test in Hachimantai city, Iwate prefecture, the companies said in a statement today.
With the start of test drilling, Mitsui Oil Exploration Co. has decided to join the venture, according to the statement. Mitsui and JFE will each have a more than 33 percent stake. The rest will be split between the two other companies.
To contact the reporter on this story: Chisaki Watanabe in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com