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Opendata, web and dolomites

ECO-DRILLING SIGNED

Environmentally efficient full profile drilling solution

Total Cost €

EC-Contrib. €

Partnership

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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.

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

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.