{"id":25754,"date":"2022-08-30T11:31:37","date_gmt":"2022-08-30T11:31:37","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=97164"},"modified":"2022-08-30T11:31:37","modified_gmt":"2022-08-30T11:31:37","slug":"eavor-to-drill-the-deepest-and-hottest-directional-geothermal-well-in-history-eavor-deep","status":"publish","type":"post","link":"https:\/\/myanmarnewswire.com\/eavor-to-drill-the-deepest-and-hottest-directional-geothermal-well-in-history-eavor-deep\/","title":{"rendered":"Eavor to drill the deepest and hottest directional geothermal well in history: Eavor-Deep\u2122"},"content":{"rendered":"<div>\n<p align=\"left\">CALGARY, Alberta, Aug. 30, 2022 (GLOBE NEWSWIRE) &#8212; Eavor Technologies Inc. (\u201cEavor\u201d) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>).<\/p>\n<p align=\"left\">Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. Eavor has developed process and technologies to break this paradigm, called Eavor-Loop<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>, which will be utilized in the upcoming Eavor-Deep<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> project, located in southwestern USA, to show linear, and potentially sublinear, drilling costs in super-hot ultra-deep environments.<\/p>\n<p align=\"left\">Building from the portfolio of technologies and methods demonstrated at the Eavor-Lite<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> facility near Rocky Mountain House, Alberta, Canada in 2019, the milestones planned at Eavor-Deep<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> are designed to evidence the global scalability of Eavor-Loop<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>.<\/p>\n<p align=\"left\">John Redfern, President &amp; CEO at Eavor, said: \u201cIf everything goes according to plan, we will establish a clear line-of-sight to sub US$60 per megawatt-hour costs. This is an important milestone which unlocks an enormous portfolio of Eavor-Loop<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> project locations in key US, European and Asia Pacific markets, now.\u201d<\/p>\n<p align=\"left\">Bailey Schwarz, Director, North America Projects at Eavor, said: \u201cWorking with our partners and the development team in planning and preparing for this project has been and continues to be a fantastic experience. The strong working relationships we have developed are vital to the success of the project and to the future opportunities we have already identified together.\u201d<\/p>\n<p align=\"left\">Helmerich &amp; Payne, Inc. (\u201cH&amp;P\u201d) is a strategic service provider and shareholder in Eavor having made a direct equity investment in 2021. Building on the companies\u2019 ongoing collaborative effort to improve upon existing state of the art drilling technologies, H&amp;P is providing the drilling rig and associated drilling technologies and services for the Eavor-Deep<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> project.<\/p>\n<p align=\"left\">John Lindsay, H&amp;P President and CEO, said: \u201cImproving lives through affordable and responsible energy is a central philosophy at H&amp;P. Getting to know the team at Eavor and their processes and goals, it was easy to see how we could support and complement each other. We are encouraged by the opportunities we see working and innovating together with Eavor.\u201d<\/p>\n<p align=\"left\">Matthew Toews, CTO at Eavor, said: \u201cThe collaboration with H&amp;P, particularly in the area of next generation drilling technologies, is a tremendous opportunity for us and we are greatly appreciative of the passion and devotion shown by all involved at H&amp;P.\u201d<\/p>\n<p align=\"left\">Reference link: <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DrqP7XszaRkw3Cx0jLL94jaPZ953GAaLGW99nCxf_D_4SrvY6uvEv6Z9yQalu0Q4Cv5t2sZf3qN7o7FpG91Lr91pc9GgaSq84SQalp4N9SmY%3D&amp;source=gmail-html&amp;ust=1661945476490000&amp;usg=AOvVaw3a2xTxc2NhPK3f_tRo5wD7\"  rel=\"nofollow noopener noreferrer\">eavor.com\/eavor-deep<\/a><\/p>\n<p align=\"left\">Contact:<br \/>\nEavor Technologies Inc.<br \/>\nJohn Redfern, President and CEO, Director<br \/>\n650-269-2501<br \/>\n<a href=\"mailto:john.redfern@eavor.com\"  rel=\"noopener noreferrer\">john.redfern@eavor.com<\/a><br \/>\n<a href=\"https:\/\/www.google.com\/url?q=http:\/\/www.eavor.com&amp;source=gmail-html&amp;ust=1661945476490000&amp;usg=AOvVaw22O3S9S072zgMkoWTj1TJf\"  rel=\"noopener noreferrer\">www.eavor.com<\/a><\/p>\n<p align=\"justify\"><strong>ABOUT EAVOR TECHNOLOGIES <\/strong><\/p>\n<p align=\"justify\">Eavor (pronounced \u201cEver\u201d) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor\u2019s solution (Eavor-Loop<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>) represents the world\u2019s first truly scalable form of clean, dispatchable, baseload capable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including bp, Temasek, Chevron Technology Ventures, BHP, Vickers Venture Partners, H&amp;P and BDC Capital. <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3D6BN2ehhT57eWBnXHvh1qrNCP5JBHMJr0X4Kbb72hhnKHtMQoCkW8-NX7VWM9aqI351cEfDkP1-jEaQ8GvHJH0A%3D%3D&amp;source=gmail-html&amp;ust=1661945476490000&amp;usg=AOvVaw2e1cw1cfWqrJa_g-xuOAWt\"  rel=\"nofollow noopener noreferrer\">info@eavor.com<\/a><\/p>\n<p align=\"justify\"><strong>ABOUT HELMERICH &amp; PAYNE, INC. <\/strong><\/p>\n<p align=\"justify\">Founded in 1920, Helmerich &amp; Payne, Inc. (H&amp;P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&amp;P strives to operate with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&amp;P also develops and implements advanced automation, directional drilling and survey management technologies. <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DKdOfuVogNdkK66W05HpRtC7GwCiVcymN2mNZHpq4UWJdaflGcviSDZtuLin1zeSi8jpig7sXxoe7epAZ6oJVGRiHmAaqBOAhyRhFcDCrbeA%3D&amp;source=gmail-html&amp;ust=1661945476490000&amp;usg=AOvVaw3N2dto_nnYCOkJ_NfPNNGk\"  rel=\"nofollow noopener noreferrer\">www.helmerichpayne.com<\/a><\/p>\n<p align=\"left\">Reference material: <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Dh4T4EMcocmS_SOCkHJCEhK6oR2JWi3SQfvo_zK9CRFTkXf9Ayl9muuOuFO77MNu53NxK1ji0ZeBt5zdBch3Ppfxu_ef_fbsof7E2aj84ABYjET7PNE-Znujzf4GqAa_RpU_O5HwF8r06NsYvjLj-zkzdfJFkqThXGG2dEpRFkicgrGLmK6m7EFui_ArNfBX24qnCUUYTh9MbEaC0hwuHFi1sz2Y6kywaxYxxh5mc8ac%3D&amp;source=gmail-html&amp;ust=1661945476490000&amp;usg=AOvVaw3ijQBUWT40FJA2hKENTJnf\"  rel=\"nofollow noopener noreferrer\">NREL &#8211; Techno-economic performance of Eavor-Loop 2.0 &#8211; Eavor<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY, Alberta, Aug. 30, 2022 (GLOBE NEWSWIRE) \u2014 Eavor Technologies Inc. (\u201cEavor\u201d) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep\u2122). Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. Eavor has developed process and [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eavor to drill the deepest and hottest directional geothermal well in history: Eavor-Deep\u2122 - Myanmar Newswire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewswire.com\/eavor-to-drill-the-deepest-and-hottest-directional-geothermal-well-in-history-eavor-deep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eavor to drill the deepest and hottest directional geothermal well in history: Eavor-Deep\u2122 - Myanmar Newswire\" \/>\n<meta property=\"og:description\" content=\"CALGARY, Alberta, Aug. 30, 2022 (GLOBE NEWSWIRE) \u2014 Eavor Technologies Inc. (\u201cEavor\u201d) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep\u2122). Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. 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(\u201cEavor\u201d) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep\u2122). Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. 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