Only 5% of the world’s oil and gas wells have enough reservoir pressure to flow naturally. The remaining 95% rely on artificial lift technologies to lift hydrocarbons to the surface. To get the most return from a well, you must strike an optimal balance between production cost, energy required to provide lift, and production performance.
An estimated 66% of the oil in a given reservoir is being left behind because it’s too expensive or too difficult to recover (Forbes). That’s too much.Novomet offers technologies that work alone and in tandem to help you increase recovery and boost your profit per well. Artificial lift technologies include:
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From high-viscosity oil to 90% gas and everything in between, Novomet has the artificial lift technologies to lower your lifting costs and extend the economic life of your well.