SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Instagram Outage Disrupts Thousands of U.S. Users 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
ODESSA, Texas, Sept. 09, 2016 -- The cable-deployed, inverted ESP system was landed in a modified x-nipple and sealed off at the wellhead with a modified stuffing box. The unit started without issues and surfaced fluid within 30 minutes.
A video accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1ef12aa2-54b6-47e2-9f76-b5f2719b92a2
Initial production rate was exactly as predicted at 300 BFPD. Novomet USA, Inc. and WellPro Solutions LLC have successfully deployed and commissioned the world’s smallest diameter Electrical Submersible Pump (ESP) System inside of 2-7/8” tubing without using a conventional rig. This feat was accomplished using a modified industrial cable spooling device and was run to a depth of 4,600’ in less than 30 minutes.
“Novomet is constantly striving to be the leader in innovative technology. This monumental achievement is just the latest success in a long history of providing unique solutions to reduce customers’ overall lifting costs.”
Polina Plotnikova, Novomet VP of International Operations
The Ultra Slim 2.17” O.D. Inverted ESP system is designed to be installed in 2-7/8” production tubing. It has an operating range of 100 – 900 BFPD and can be set as deep as 12,000’. Typical applications include sucker rod pump wells with history of frequent well interventions and offshore applications with high well intervention costs.
“The successful commercial installation of the 217 system is a benchmark, not only for WellPro Solutions and NOVOMET, but for the entire artificial lift industry. Truly rigless installation and service, minimized well down time, lower operating cost, and maximized production are now achievable and, I believe, will soon be the industry standard.”
Ray Valentine, WellPro Solutions, LLC General Manager
Novomet – Not just another ESP provider!
If you would like more information about this topic, please contact Wallace Huard at (832) 437-5998 or email at [email protected].
Contact: Wallace Huard Telephone: (832) 437-5998 Cell: (281) 475-6791 Email: [email protected] Website: www.novomet.ru/eng
