Energy & PowerAug 11, 2026

Novomet

Company Profile Analysis

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Year Founded & Workforce

1990-12-31

4,000 Employees

Industry

Energy & Power

Services

Novomet Overview

Company Headquarters: Perm, Russia

Founded: 1991

Workforce: ~4,000

Company Working: Novomet is one of the leading companies that provides innovative oil lifting services in the oil &gas industry. Using drilling technologies, the company offered oil lifting services, including sizing of equipment to suit well condition for oil production services. It offers services such as ESP system, water injection system, upgradation and maintenance for oil production equipment. Its key investments include working capital injection, and expansion of international service operations. Novomet has its business in two manufacturing facilities, which include modernized manufacturing techniques and the identification performance standard. The identification performance technique includes the assessment and management of environmental pollution, community health, safety and security. These facilities have added value to the business, giving an advantage to the company’s growth.

Novomet offers proprietary technologies for applications including high gas-to-oil ratios, high temperatures, abrasive and corrosive fluids, heavy oil and highly deviated wells. It has operations in countries such as the Russia, CIS countries, Argentina, Romania, Egypt, Iraq, Ecuador, Kuwait, Indonesia, and the US. It has established its service division with a network so that company can tackle customers queries.

The R&D centre has conducted various tests both, internally and externally These tests include abrasive and corrosive tests, high viscous fluids, tests on gassy fluids, and low flow rate/ high flow rate stages for the benefit of the oil well production.

Recently Novomet has shipped 8000 units of permanent magnet motor for the oil industry.

Strategy

Novomet strategizes to expand its business in the development of new foundry and cable production plant in Perm (Russia). The company is looking for ways to reduce operational costsby decreasing installation time on rigs and using horizontal pumping systems in harsh well environment. It has been improving its products in terms of energy savings, resistance to corrosion. It signed JDA (joint development agreement) with Advenira Enterprises Inc, a nano-composite technology company for manufacturing components and systems with high performance at low costs.

Company Snapshot

4,000

Employees

1990-12-31

Founded

Perm, Russia

Headquarters

SWOT Analysis

Strengths

Increased focus on R&D and innovation in electrical submersible pump
Diverse product portfolio

Weaknesses

Adversely affected by volatile market and industry trends
Less exposure in Europe
Dependence on a limited number of customers

Opportunities

Focus on expanding in the GCC countries and other global markets
Focus on new applications and products

Threats

Fluctuation in oil prices
Delays or denial of approvals, permits or licenses by government authorities
Highly competitive market

Key Developments

Date	Approach	Development
September 2018	product development	Novomet introduced the 3rd generation of gas separators – centrifugal vortex. Gas separators contain undissolved gases, the technology centrifugal vortex has given an enhanced design, which has created high pump efficiency for smart wells
June 2018	product development	Novomet introduces Rotary Displacement Cylindrical Pump (RDCP) for marginal wells with heavy oil.
February 2018	Collaboration	At the end of 2017, Novomet signed an agreement with Statoil Petroleum AS (Norway). According to Statoil requirements, Novomet collaborated with Perm, which will develop an electrical centrifugal pump with a permanent magnet motor drive.

Product Offering

Novomet
- Artificial Lift

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Novomet as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Novomet

Company Headquarters: Perm, Russia Founded: 1991 Workforce: ~4,000 Company Working: Novomet is one of the leading companies that provides innovative oil lifting services in the oil &gas industry. Using drilling technologies, the company offered oil lifting services, including sizing of equipment to suit well condition for oil production services. It offers services such as ESP system, water injection system, upgradation and maintenance for oil production equipment. Its key investments include working capital injection, and expansion of international service operations. Novomet has its business in two manufacturing facilities, which include modernized manufacturing techniques and the identification performance standard. The identification performance technique includes the assessment and management of environmental pollution, community health, safety and security. These facilities have added value to the business, giving an advantage to the company’s growth. Novomet offers proprietary technologies for applications including high gas-to-oil ratios, high temperatures, abrasive and corrosive fluids, heavy oil and highly deviated wells. It has operations in countries such as the Russia, CIS countries, Argentina, Romania, Egypt, Iraq, Ecuador, Kuwait, Indonesia, and the US. It has established its service division with a network so that company can tackle customers queries. The R&D centre has conducted various tests both, internally and externally These tests include abrasive and corrosive tests, high viscous fluids, tests on gassy fluids, and low flow rate/ high flow rate stages for the benefit of the oil well production. Recently Novomet has shipped 8000 units of permanent magnet motor for the oil industry.

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