Weatherford Enters ESP Alliance with Valiant

Weatherford has reached a memorandum of understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs).

The pumps are designed for productivity in harsh, abrasive, corrosive and otherwise challenging downhole environments.

The MOU creates market-expansion opportunities for both companies. For Weatherford, the addition of the ESP enhances the company’s portfolio of products and services for all forms of artificial lift, and will further bolster its global leadership in production systems. For Valiant Artificial Lift Solutions, the alliance will significantly accelerate its global reach.

Both companies will retain their current markets. The MOU details target markets for Weatherford as well as joint markets in which both companies will pursue business opportunities together.

“Valiant offers an impressive combination of technical expertise and service excellence,” said Kyle Chapman, president of Production at Weatherford. “This alliance meshes well with our strategy to capture share in key markets and strengthens our global leadership for life-of-well production solutions.”

“This project is a great opportunity to expand our services to the global production community,” said Gareth Ford, founder, CEO and president of Valiant Artificial Lift Solutions. “We are pleased with the results of this collaboration and believe it will drive stakeholder value for Valiant, Weatherford and our collective customers.”

Share this article

Follow Subsea World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

9th International Conference Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future foundation concepts.

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >

OGA 2019

Malaysia’s Oil, Gas and Energy (OGE) industry has been contributing about one-fifth to the national GDP…

read more >

Brasil Offshore 2019

The commemorative 20th anniversary edition of Brasil Offshore will be held under the auspices…

read more >