The DeepStar Project has been in continuous operation since 1991 and operates in 2 year funding phases. Phase X commenced on January 2010 and will be completed in December 2011. Phase XI planning is under way and will commence January 2012. 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.
