The DeepStar Project has been in continuous operation since 1992 and operates in 2 year funding phases. Phase VIII concluded in December 2007, and we are now beginning Phase IX. The funding and support for each phase comes from the membership fees from each member. Participant members (oil companies and operators), depending on whether they are new member or established members, contribute either $1,300,000 or $650,000, respectively. Contributor members (vendors, engineering firms, and others) contribute $6,000 in membership fees, and many contribute in-kind work each phase.
Each member company receives the benefit of access to all available deliverables and results from work performed each phase under the collection of pooled funding from the JIP.
