Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment 
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand 
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Ukrainian Drones and the #MadeByHousewives Movement: Kyiv Fires Back at Rheinmetall CEO 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
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
