LIFTING THE FLUIDS
THAT POWER THE WORLD
January 09, 2019
Novomet will showcase the following innovative technologies and equipment at the International Petroleum Technology Conference (IPTC) at the exhibition center in Dhahran, Saudi Arabia from January 13 through 15, 2020:
- Colibri Cable-Deployed Rigless ESP—100% cable deployed and retrievable
- PowerSave ESP—ESP system that reduces energy consumption by 30%
- SlimLine ESP—272 and 319 series ESPs ideal for producing unconventional wells
- Rotary Displacement Cylindrical Pumps (RDCP)—A new pump design for producing highly viscous fluids that out-performs rod lift, PCPs, and ESPs
Novomet oilfield services
Lifting the fluids that power the world
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 production. 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.
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.
BY THE NUMBERS
264400000
kWh of electricity saved with PowerSave and SlimLine ESPs
172815
Tons of CO2 prevented from entering the atmosphere*
25
Countries where Novomet is reducing carbon emissions
* 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.
Oilfield services and the energy industry
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.
