Endeavor Management and DeepDriver Announces Technology Demonstration Project

Endeavor Management and DeepDriver LLChave announced that they have opened industry participation in a Technology Demonstration Project (TDP) for DeepDriver’s breakthrough ROV powered subsea piling hammer.

In today’s oil & gas price environment, the overriding imperative is to seek new ways to lower capital and operating costs. DeepDriver’s innovative technology offers a significantly more cost effective means to install small to medium diameter piles at any water depth with typical savings of 35% to 50% per project. DeepDriver can be used for conventional driven applications such as anchors, moorings, well conductors, etc., as well as enabling uses not currently undertaken such as pipeline route stabilizations and remediation, deepwater pin piles and next generation hybrid mud mats. Key elements of the technology were successfully land tested earlier in 2016.

This TDP proposes to build a full scale system and undertake a series of tests including onshore FAT and land tests, shallow water test and, finally, a deepwater offshore trial in the Gulf of Mexico to demonstrate all aspects of the system’s operations. The TDP will deliver a field proven system to the industry.

Endeavor and DeepDriver are seeking industry participants to contribute to this project from a cross section of the stakeholder segments involved in the global subsea sector: Oil and Gas Operators, Vessel Operators, Service Companies, and Midstream Pipeline Operators. Participants will not only yield benefits to the industry by lowering costs on new projects and repair / maintenance on existing infrastructure, but will receive specific commercial benefits following completion of the TDP.

Bruce Crager, Executive Vice President of Endeavor Management, stated, “The subsea industry is facing huge challenges to reduce costs. With this TDP we expect to deliver an innovative system ready for use by the global industry within 12 months.”

William Zakroff, CEO of DeepDriver, added “DeepDriver was invented and engineered by co-founder and CTO James Adamson P.E., a world renowned technical authority in ROVs and ROV tooling. After completion of the TDP, DeepDriver will initially focus on IRM projects as the subsea industry recovers.”