Novomet offers oilfield services to help customers complete and produce oil and gas wells. We have grown into one of the largest manufacturers of electrical submersible pumps, and we now provide products and services for completions and artificial lift projects around the world. Our technologies are currently improving production and helping customers reduce carbon emissions in most of the major global oil plays.
Customers turn to Novomet when they face production challenges, particularly those caused by difficult or complex downhole environments. Our specialty is solving complex problems so our customers can reduce the cost required to produce a barrel of oil and increase overall recovery from reservoirs.
With up to 80% of oil in some reservoirs being left behind, we see it as our responsibility to help operators recover more hydrocarbons from existing wells. That often means developing technology to better access hard-to-recover reserves, and forcing ourselves to re-imagine what the industry assumes is impossible.
A great example of this is our permanent magnet motor technology, which reduces the power needed to run a downhole pump and dramatically improves run life. While competitors race to catch up with and to copy our permanent magnet motors, we have perfected the design and expanded it to a broad range of sizes that function in multiple applications.
In the artificial lift industry, we are widely known as a technological leader in designing and supplying electrical submersible pumping (ESP) systems. Our ESPs consistently outlive those of our competitors and reduce electricity consumption at the well by 25% or more. Even in tough conditions, our goal is always to produce more with less—and to do it better than anyone else.
In our ESP product line alone, we offer solutions designed to produce oil in wells with as much as 90% gas, filter excess solids, combat corrosion and abrasion, withstand high temperatures, handle salt deposits and water in the well, and even produce highly viscous oil.
If you have a production problem, we want the opportunity to solve it.
We currently operate in most major oil plays around the world.