Novomet-USA Revenue and Competitors

Novomet USA offers electrical submersible pump (ESP) technologies that reduce the cost of fluid production and extend the economic life of oil wells. Novomet ESPs consume 20-30% less electricity than conventional ESPs. Smaller slimhole designs (3.23-in. outside diameter) increase drawdown by enabling the ESP to be placed deeper in wells with small casing sizes, and reduce the likelihood of getting stuck while running in hole. Along with superior technology, we offer exceptional service delivery tailored to specific well conditions and production goals. With facilities in Katy (near Houston), Midland (coming fall 2019), and Cody, Wyoming, we are well positioned to bring ESP technologies into the US market that were previously difficult to obtain. Innovative technology: • Proven line of permanent magnet motors (PMM) • High-efficiency systems with energy savings of up to 30% • Slimline equipment (2.72-in. series) • Systems designed for low flow and heavy oil • Gas mitigation technology that performs in high gas-to-oil ratio wells • Alternative deployment systems • Horizontal pumping systems • ESP design and analysis software Novomet uses proprietary powder metallurgy techniques developed in Perm, Russia in the early 1990s. Through continuous breakthroughs and advancements, powder metallurgy has been used to design ESP systems with unmatched performance. Customers in the US market now have access to technologies that have led the artificial lift industry for the past 20 years, and that made Novomet one of the largest ESP manufacturers in Russia. Novomet ESP systems feature slimmer outside diameters than competing products, making them easier to install and less likely to get stuck. We offer full systems, or components including pumps, motors (asynchronous and PMM), protectors, variable speed drives, and sensors. Clients: Novomet serves customers in more than 25 countries. We have installed over 30,000 systems and more than 8,000 PMMs worldwide.