Endeavor Management and DeepDriver LLC announced today 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.