Natalia Lykova, Deputy Vice President for Alternative Energy delivered a presentation to the Society of Petroleum Engineers.
The presentation included lessons learned through our experience running permanent magnet motors and ESPs in geothermal wells. It generated many questions and interest from engineers in attendance.
Permanent magnet motors were a major focus at the SPE Gulf Coast Section Electric Submersible Pumps Symposium that took place in The Woodlands, Texas in October. Lykova shared with attendees the steps Novomet has taken to modify our PMMs and develop downhole pumping systems that stand up to the harsh conditions of geothermal wells.
Natalia Lykova : "It was so exciting to see all the biggest companies in one place. We saw a huge interest to geothermal project. I believe participation in SPE will bring us a new implementation of geothermal submersible pumps in USA market. I'm proud of being part of the Novomet and it was honored for me to do a presentation in SPE conference".
Learn more about Novomet geothermal pumping systems.
The path forward for responsible oil and gas production is to always look for new ways to reduce the cost required to find, tap, and produce a barrel of oil or a cubic meter of gas. Most oilfield services companies are heavily focused on exploration and drilling.
By contrast, Novomet is hyper-focused on completions and artificial lift. More specifically, Novomet is a leader among oilfield service companies with superior technologies that produce higher volumes of hydrocarbons while helping lower the overall cost of production.
The goal is to continuously make more oil and gas with less effort, cost, and environmental impact. The next great breakthroughs in the oil and gas industry will not come from new exploration, drilling, pipeline, or refining technology. Rather, they will come from advances in our ability to economically produce more hydrocarbons from the wells we are already drilling. They will come from artificial lift technologies.
Our purpose is simple and straight-forward: We lift the fluids that power the world. Our mission is to harvest what other oilfield service companies leave behind, reduce the power and cost required to produce hydrocarbons, and develop viable green energy solutions.
* Based on 1.2 lb of CO2 emissions per kilowatt-hour accourding to U.S. Carbon Dioxide Emissions in the Electricity Sector projections, published January 7, 2019.
People, businesses, and economies have more opportunities to grow when they have access to safe, affordable sources of energy. Electricity keeps us warm, helps us stay healthy, and drives speed and agility in commerce. The goal of the energy industry is to provide power for as low a cost and with as little environmental impact as possible.
Renewable energy sources remain a priority. As costs come down for geothermal, solar, wind, hydro-electric, and other alternative forms of energy, there will be less dependence and need for oil and gas. Until that happens, the most economical and environmentally responsible path forward is to continue to find and produce enough hydrocarbons to meet the world’s energy demands.
Novomet remains dedicated to helping energy companies harvest the hydrocarbons they need to power the world—for as low an environmental and economic impact as possible. When you think artificial lift (oil and gas, geothermal, mine dewatering, etc.) think Novomet.