Our Story
Subsea Drive Corporation is an engineering company developing innovative technology to responsibly maximize the value of energy generation during the transition from a heavy reliance on hydrocarbon fuels to a greater reliance on renewables. In this continuously changing and competitive world, our philosophy is to deliver engineering excellence by building on the best current oilfield drilling technologies and practices to meet the challenge of providing environmentally responsible energy.
Because deepwater oil resources offer some of the highest economic value with some of the lowest carbon emissions, our transition strategy begins by decreasing the time required to drill deepwater wells while increasing well value, thereby improving the probability of attaining well objectives. The strategy continues by providing the highest-capacity anchoring for floating wind turbines, lowering renewable-energy capital costs. Both improvements are achieved with the Subsea Drive Riserless Casing Drilling System.
The company was founded by experienced oilfield professionals and a seasoned corporate insurance and risk manager. Casing drilling in the subsea environment is the central technology behind the business cases of both Subsea Drive Corporation and Subsea Anchoring Corporation. It is applied to deepen the structural casing of offshore oil and gas wells and to install subsea anchors. Both applications significantly reduce the costs of offshore wells and of providing anchoring for floating structures. Our technology partners are Blade Energy Partners and Frontier Oil Tools; together with Subsea Drive Corporation, they are based in Houston, Texas.
Deepwater Riserless Casing Drilling System
This is an application of casing drilling that deepens the first conductor to exploit the prevailing formation pressures and expand the deepwater drilling operating windows. The added depth provides higher formation strengths at the riserless casing shoes, which help mitigate shallow-water and gas flows and maintain wellbore stability. The result is a higher probability of attaining the ultimate well objectives through larger operating windows, along with greater production capacity from a larger completion.
Subsea Anchoring
This is an application of the Riserless Casing Drilling System to set anchors for floating wind turbines and oilfield facilities. It is a more cost-effective method of setting anchors in any soil condition and at any seawater depth. This adaptation of oilfield drilling technology provides significantly greater pullout, or anchoring-resistance, capacities than current anchoring systems. The result is fewer anchors per floating platform, minimizing the seafloor impact of large mooring systems and reducing the capital cost of the structures.
Our Team
Our team consists of innovative and motivated professionals striving for excellence. They bring a varied and complementary skill set, with professional engineering and business-management experience gained over several decades working in deepwater design, global drilling, and company management. We have published several technical papers on deepwater well-design improvement and subsea anchoring, which have been presented at various SPE and other deepwater offshore conferences.
