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>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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 31

Subsea Valley

This yearly gathering has grown from 200 to 2000 delegates in only 5 years and is now one of the leading energy conferences in Europe…

read more >

Shallow and Deepwater Mexico Oil and Gas Conference

Shallow and Deepwater Mexico is a community gathering for the offshore sector focusing on the future of offshore in Mexico…

read more >

OMC 2019

OMC is the largest exhibition and conference dedicated to the Offshore, and Oil & Gas Industry…

read more >

SubOptic 2019

SubOptic is the longest running and most comprehensive conference series in the world for the submarine fiber industry…

read more >