The history of Novomet began in 1991 when the company founders began using powder metallurgy to manufacture pump stages—a first in the oil and gas industry.
Novomet started out supplying powder metallurgy pump stages to electrical submersible pumping (ESP) system manufacturers. Powder metallurgy involves pressing components from a mixture of metallic ores. It has proven to be a far more precise method of manufacturing than sand casting, enabling Novomet pump stages to deliver superior performance and longevity in extreme downhole environments.
In 1998, we released our own line of centrifugal-vortex pumps. They not only improved runlife in challenging downhole conditions, but also improved efficiency. This technology was the recipient of the Science and Technology Prize awarded by the Russian Federation and is protected by international and Russian patents.
In 2002, we began development of various components—pumps, motors, protectors, gas separators, check valves, and additional supporting wellsite equipment—that enabled us to release a new line of complete ESPs.
In 2003, we established a service division, with a network of service bases located close to customers. This expansion enabled us to deliver best-in-class service and support alongside our best-in-class products.
We earned ISO 9001:2000 certification in 2004 and added automated machining and assembly capabilities through 2006 to improve quality and increase manufacturing capacity.
As the company expanded, so did our ability to meet customers needs, both in the form of new technologies and manufacturing capabilities. With a firm commitment to taking on new production challenges and investing heavily in research and development, we gained controlling stock of the CONNAS Design Center in Moscow.
This was the main research and testing facility used by all ESP manufacturers in the former Soviet Union going all the way back to 1950. While the facility gives us unrestricted access to ESP test labs and facilities, it also came with decades of previous test data. Since acquiring CONNAS, we are fully capable of conceiving, engineering, testing, and then producing new designs for gas handling, rotary gas separation, sand and proppant filters, downhole scale inhibitors, and many other application-specific ESP technologies—all on tight deadlines and all within our own facilities.
Our research and development facilities enable us to conduct a wide range of tests, both for our own research and at the request of customers, including the effects on downhole equipment caused by abrasive and corrosive conditions, high-gas fluids, high-viscous fluids, and low-flow/high-flow rates. Novomet can simulate any environment to ensure our products outperform expectations. Our research and development capabilities are unsurpassed in the industry and yield immediate performance improvements for our customers.
Novomet has undergone continued expansion over the past decade. We employ more than 5,000 people and maintain a network of service centers in the Russian Federation and the Commonwealth of Independent States, as well as active operations in most of the major oil plays around the world. As of 2019, we have boots on the ground in Argentina, Canada, Colombia, Ecuador, Egypt, Indonesia, Iraq, Kuwait, Malaysia, Romania, South Sudan, United Arab Emirates, the United States, and Venezuela.