New technologies account for 30% of the orders being filled and shipped by Novomet. Many of these innovative production systems have no analogs in the world. A good example of this is our PowerSave electrical submersible pumping (ESP) system, which delivers 25-30% higher efficiency than its closest competing system. This technology reduces the power it takes to produce oil—driving down total cost per barrel—and increases runlife by reducing ESP heat and vibration.
We are committed to finding better, more efficient ways to extract hydrocarbons. That means engineering economical systems capable of harvesting the resources our competition considers unrecoverable. Our research and development (R&D) footprint extends across multiple facilities in the Eastern and Western Hemispheres.
We are currently engaged in our own R&D projects, and in projects for several major oil companies and manufacturers. R&D capabilities include:
Development of innovative designs for submersible vane pumps, packers, jet pumping, and other systems for oil production and stimulation
Multifunctional testing using purpose-built test wells
Advancement of geothermal submersible pumping technology
Student education and advanced ongoing training for oil industry engineers
Novomet has a strong history of leading research and development of ESPs and other artificial lift technologies. We have earned a reputation as a technological powerhouse as the company expanded operations to cover the globe. We also have several ongoing joint research projects with universities.
A clear differentiator for Novomet is our access to and utilization of a wide range of testing facilities. This enables us to test systems in near real-world conditions, make design modifications quickly and efficiently, and provide highly detailed system information that goes far beyond the industry-typical passport data that accompanies components when they ship.
The diversity of our test wells enables us to evaluate how systems and components will perform when exposed to various downhole conditions (like gas, solids, high temperatures, high mechanical loads, pressure, high fluid viscosity, and high water cut) before sending equipment downhole. We can then quickly make any design changes to ensure fully successful acceptance testing before sending a system into the field.
We are highly trained, highly responsive, and highly dedicated to developing more efficient ways to capture more hydrocarbons per well.
Our purpose is simple and yet profound. Our R&D is focused on finding better ways to lift the fluids that power the world.