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DAMORPHE Has Received A Non-Dilutive Award From DEEPSTAR / The NIPPON Foundation

We are excited to announce that DAMORPHE has received a non-dilutive award from DEEPSTAR / The NIPPON Foundation.

The Nippon Foundation is a philanthropic non-profit grant-making organization active globally with a simple mission, social innovation. While its activities today have expanded cross many activities and borders such as education, social welfare and public health, when founded in 1962 its efforts have focused largely on the maritime and shipping fields.

DeepStar is a global offshore technology development consortium. It has always been the industry’s best mechanism for the progression of collaborative offshore technology development and throughout the years adapting to new market conditions and drivers. The DeepStar Program was initiated in 1991 and until recently, has been administered by Chevron. The Program identifies and assembles a technical portfolio of projects with its mission to develop cost-efficient, low-risk methods to produce hydrocarbons from deepwater. DeepStar core members include Anadarko, Chevron, Equinor, ExxonMobil, JX Nippon, Petrobras, Shell, and Total.