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>

<< Sep 2019 >>
MTWTFSS
26 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 1 2 3 4 5 6

Offshore Energy Exhibition & Conference 2019

Offshore Energy thematic sessions addressed the full life-cycle in the oil and gas and energy industry, starting with Exploration…

read more >

EXPLORATION AND PRODUCTION OFFSHORE CONGRESS HUB 2019

During the last few years Oil&Gas sector had a difficult time surviving in brutal low-price environment…

read more >

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >