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Opendata, web and dolomites

ECO-DRILLING SIGNED

Environmentally efficient full profile drilling solution

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

ECO-DRILLING project word cloud

Explore the words cloud of the ECO-DRILLING project. It provides you a very rough idea of what is the project "ECO-DRILLING" about.

wp3 wp2 solution roads trl7 unfeasible eco emissions vision accumulated annual upwards readiness 860 reduce commercialise hydropower functionalities sales drill altitude settings generate global validation profile environmental heads trl eliminating directional operations time optimise 0m 42 co2 service prototyping elevating accumulate temporary commercialisation piloted locations prototype trl8 sme building 138 economic profits mountain final successfully closure proyections cut significantly drilling market trl9 integrate difference benefits 13 company performance piloting life positions 37 estimate rotatory full 61 traction 2km disruptive length 50 roi 1km string revenues maturation 5m subset plants distances least pilot wp1 environmentally subsystems boost

Project "ECO-DRILLING" data sheet

The following table provides information about the project.

Coordinator	NORHARD AS Organization address address: FINSAVEIEN 9 city: TONSTAD postcode: 4440 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Norway [NO]
Project website	https://norhard.no/horisont-2020-2
Total cost	2˙811˙875 €
EC max contribution	1˙968˙312 € (70%)
Programme	1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy) 2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)) 3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-2-2016-2017
Funding Scheme	SME-2
Starting year	2017
Duration (year-month-day)	from 2017-09-01 to 2020-02-29

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	NORHARD AS NORHARD AS Organization address address: FINSAVEIEN 9 city: TONSTAD postcode: 4440 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	NO (TONSTAD)	coordinator	1˙968˙312.00

Map

Project objective

The overall vision of the ECO-DRILLING project is to prototype, pilot, and commercialise our cost-effective and environmentally friendly full profile directional drilling technology for the global hydropower sector. ECO-DRILLING is the only solution capable of drilling upwards over long distances and high heads (up to 2km drilling length-1km altitude difference) using a non-rotatory drill string. Our disruptive technology has the potential to cut annual CO2 emissions with 13,860 tonnes in 5 years according to our sales proyections, reduce the environmental impact of drilling operations (e.g. by eliminating the need for building temporary access roads to the mountain top), and drilling costs by 50%. ECO-DRILLING will support the development of hydropower plants at locations currently unfeasible due to technical or environmental challenges. We have defined a subset of specific objectives covering final prototyping, validation, and commercialisation readiness activities. Achieving them will bring us to a wide market uptake. 1) Technology maturation objectives (WP1) to optimise the functionalities of ECO-DRILLING’s subsystems and integrate them into the final prototype to be piloted in real-life settings, raising ECO-DRILLING TRL from TRL7 to TRL8. 2) Piloting and validation objectives (WP2) to demonstrate ECO-DRILLING’s technical and economic performance, functionality, and user benefits through a large-scale piloting in real-life operating settings, elevating eco-drilling from TRL8 to TRL9. 3) Commercialisation readiness objectives (WP3-6) enabling us to successfully bring the ECO-DRILLING service to the market and reach sales traction beyond Phase 2. Through the ECO-DRILLING SME Phase 2 project we will significantly boost the growth in our company. We estimate that by year 5 after project closure, we will reach accumulated revenues of €138.0m, generate at least 37 new full-time positions, and accumulate profits of €61.5m, with 6.42 ROI.

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The information about "ECO-DRILLING" are provided by the European Opendata Portal: CORDIS opendata.