Global Top 10 Artificial Lift Companies [2023]

Published on 29th April 2023

It is estimated that a significant percentage of oil in a given reservoir is left out because of the expensive and difficult recovery process.


Artificial lift technology addresses this issue by helping O&G operators around the world maintain and maximize production in oil and gas wells.  


Artificial lift refers to the use of artificial methods (such as a pump-assisted ESP or gas-assisted plunger lift) to enable the lifting of heavier reservoir liquids and increase fluid flow in producing oil and gas wells.


Gas lift, hydraulic lift, electric submersible pump (ESP), plunger lift, progressing/progressive cavity pump, and rod lift are the most widely used artificial lift methods.


Artificial lift solutions increase flow rates and boost oil production, while enhancing life-of-well productivity and reducing risk and maintenance needs.


The top-ranked artificial lift companies based on revenue include Schlumberger Ltd., Baker Hughes Company, ChampionX Corporation, Halliburton Company, and Lufkin Industries, Inc.


Read on to learn more about the major players in the global artificial lift systems market.


Table of Contents

Global Top 10 Artificial Lift Companies [2023]

Baker Hughes Company

Borets International Limited

ChampionX Corporation

Halliburton Company

JJ Tech (J&J Technical Services)

Lufkin Industries, Inc.

National Oilwell Varco, Inc. (NOV Inc.)


Schlumberger Ltd. (Schlumberger N.V.)

Weatherford International Plc

Blackridge Research & Consulting – Global Artificial Lift Market Report

Wrapping Up


Global Top 10 Artificial Lift Companies [2023]


Here are the world’s leading artificial lift companies (listed alphabetically):


Baker Hughes Company

Founded: 1987

Location: Houston, Texas, United States


Baker Hughes Company (Baker Hughes) is among the world’s largest oilfield service businesses, with operations spanning Africa, the Americas (including North America and South America), Asia-Pacific, Europe, and the Middle East.


Baker Hughes was established as a merger between Baker International (founded by Reuben C. Baker) and Hughes Tool Company (founded by Howard Hughes).


Before the merger, both companies were known as industry leaders—developing innovative products like the casing shoe that modernized cable tool drilling and the first roller cutter bit that led to a more efficient rotary drilling process.


Baker Hughes is a trusted leader in solving production challenges in every environment—from deepwater subsea fields to mature conventional fields.


Baker Hughes provides superior artificial lift solutions not only to the O&G industry but also other industries, including geothermal energy, mine dewatering, and municipal water.


According to Baker Hughes, the company “designs and manufactures each major component, so every part works together seamlessly and efficiently.”  


Baker Hughes’ comprehensive line of artificial lift products and services include:


  • Artificial lift digital solutions
  • Control and power supply systems
  • Electrical submersible pump systems
  • Gas lift systems
  • Sensors and upper completions
  • Software and analytics
  • Surface pumping systems


Additionally, Baker Hughes’ experienced engineering teams provide advice on how to use the best artificial lift solutions throughout a well’s lifecycle to realize excellent production rates at the lowest possible lifting costs.


Borets International Limited

Founded: 1897

Location: Dubai, United Arab Emirates


Borets International Limited (also known as “Borets” and “BIL”) is an industry leader in artificial lift engineering, manufacturing, sales, and servicing of electric submersible pump systems and horizontal pump systems. The company operates in 15 countries and provides international oil companies with best-in-class equipment and services.


Borets’ main product lines include:


  • Electric submersible pumps (ESPs)
  • Permanent magnetic motors (PMM)
  • Progressing cavity pumping (PCP) systems
  • Surface horizontal pumping systems


Borets has developed ESP technology to extend run life and maximize production in highly deviated wells and wells with small-diameter casings, as well as unconventional wells like gassy and sandy wells.


Borets ESP systems are designed to optimize performance under standard, harsh, and extreme duty conditions. In addition, cost-efficient ESP systems are well proven for mature fields typically characterized by reduced oil rates and depleted reservoir pressures.


As part of an artificial lift solution suite, the ESP technology helps unconventional operators overcome key technical challenges like casting size constraints and unstable or variable flow rates, while reducing lease operation expenses and capital investment.


Borets also offers a cost-effective artificial lift method for heavy oil wells. The Borets PMM-PCP system is an efficient and economic method that increases oil well productivity and system run life, while providing PCP advantages in heavy oil without the risk of rod wear.


Furthermore, the Borets PMM-PCP system is a high-efficiency and lower-cost alternative to other forms of artificial lift (such as gas lift and rod pumping) for low flow rate wells.


ChampionX Corporation

Founded: 1882

Location: Texas, United States


ChampionX Corporation (ChampionX) is a global leader in delivering advanced energy solutions and highly engineered equipment to the upstream and midstream O&G industry. With over a century of expertise, ChampionX is known for serving customers worldwide with forward-thinking innovations and market-shaping solutions.


Here is a brief overview of ChampionX’s comprehensive range of artificial lift products and solutions:


Electrical Submersible Pumping Systems (ESP Products and Services)


  • Pumps
  • Gas Handlers
  • Protectors
  • Motors
  • ESP Downhole Sensors
  • Desanders
  • Cables
  • Variable Speed Drives
  • Monitoring and Optimization Services
  • Harmonic Reduction Technology


Gas Lift (Gas Lift Products and Services)


  • Gas Lift Valves
  • Gas Lift Mandrels
  • Gas Lift Packers
  • Gas Injection Optimization
  • Capillary Tubing Services
  • Gas Lift Downhole Sensors


Jet Lift (Jet Lift Pumps and Packages)


  • Jet Pumps
  • Multiplex Plunger Pumps
  • Saltwater Disposal
  • Centrifugal Pumps
  • Skid Packages
  • Jet Lift Optimization and Software


Plunger Lift (Plunger Lift Products and Services)


  • Plungers
  • Surface Equipment
  • Downhole Equipment


Production Automation and Optimization


  • SMARTEN Controllers
  • 8000 Series Controllers
  • Optimization Web Client
  • Artificial Lift Optimization Services
  • iChem
  • SmartSpin Wireless Rod Rotator Sensor
  • XSPOC Optimization Software Platform


Progressing Cavity Pumping Systems (PCP Products and Services)


  • Progressing Cavity Pumps
  • Driveheads
  • Coiled Rod
  • Drive Rods and Guides


Rod Lift (Rod Lift Products and Services)


  • Subsurface Rod Pumps
  • Rods
  • Automation
  • Separators
  • Wellhead Equipment & Servicing


Halliburton Company

Founded: 1919

Location: Houston, Texas, United States


Halliburton Company (Halliburton) is a globally recognized provider of products, services, and integrated solutions for O&G exploration, development, and production. Halliburton was founded by Erle P. Halliburton—a pioneer in oil-well cementing.


Halliburton’s artificial lift solutions include:


Electric Submersible Pumping Systems: Halliburton’s Summit ESP® electric submersible pump (ESP) systems maximize production and increase run life.


The ESP systems are ideal even for the most extreme downhole environments because these can withstand fluid-borne abrasives, high temperature, immense pressure, variable flow rates, and other threats.


Horizontal Pumping Systems: A horizontal pumping system (HPS) helps lower maintenance costs, while delivering high performance and providing longer operational life.


For example, the installation of Hercules™ horizontal pumping system yielded a huge profit to the client.


SAGD Pumping Systems: The ESP SAGD (steam-assisted gravity drainage) systems are designed for high-temperature applications and oil recovery, with every component successfully passing rigorous third-party testing.


Geothermal Pumping Systems: GeoESP™ submersible borehole and surface pumps are designed for producing super-heated water and steam in geothermal applications.


Mining Pumping Systems: Halliburton’s ESP and HPS systems serve as high-efficiency dewatering systems for mining operations (open pit and shaft mines).


Municipal Pumping Systems: NSF® (National Sanitation Foundation)-certified ESP systems meet regulatory compliance and facilitate the supply of clean drinking water for the public.


In addition, Halliburton’ Summit ESP’s R&D lab provides premier design, build, analysis, and testing services for the development of innovation products and platforms capable of withstanding the harshest environments in artificial lift.


Halliburton artificial lift experts are also available for expert assistance in maximizing value throughout the reservoir lifecycle.


JJ Tech (J&J Technical Services)

Founded: 2002

Location: Shreveport, Louisiana, United States


JJ Tech (J&J Technical Services) is a leading supplier of artificial lift systems for oil and gas wells worldwide. Although jet pumps have been underutilized in the O&G industry, JJ Tech’s improved jet pump design and other technical innovations have created a variety of new jet pump applications.


The ability to lift sand and other key performance parameters (JJ Tech jet pump equipment would not gas lock and does not have downhole moving parts) set the JJ Tech jet pump process apart in the artificial lift industry.


JJ Tech’s patented jet pumps include:


JJ Tech SELECT-JET Hydraulic Jet Pump for Artificial Lift


JJ Tech’s SELECT-JET Jet Pump is an extremely versatile hydraulic jet pump that can maximize oil well production in the normal or reverse flow mode.


Adaptation/Retrofit Jet Pumps for Artificial Lift


JJ Tech’s Jet Pumps can adapt to any bottom hole assembly or sliding sleeve. Apart from supplying equalizing standing valves to set in existing completions, JJ Tech also stocks several adaptations (including normal and reverse flow configurations) to ship worldwide.


Here are the key features of JJ Tech Jet Pumps for Artificial Lift:     


  • All Viton Elastomers (O-Rings)
  • PEEK (Polyether Ether Ketone)/Teflon Vee Packing
  • 17-4 PH Stainless Steel – Standard (QPQ)
  • Premium Materials (including Inconel 625, Hastelloy X, 316 Stainless Steel, and 420 Stainless Steel (Boron Carbide Clad))
  • Versatile Bottom Hole Assembly with High Flow Capacity


Furthermore, JJ Tech provides a no-cost well analysis to help find the right hydraulic jet pump artificial lift system for a well.


Lufkin Industries, Inc.

Founded: 1902

Location: Missouri City, Texas, United States


Lufkin Industries, Inc. (LUFKIN) is a globally leading provider of precision-engineered oilfield equipment, products, and services to customers worldwide.


The company’s legacy spans over 100 years—from manufacturing railroad and sawmill equipment to pioneering oilfield pumping units. In 1925, it built the first full crank balanced pumping unit, as well as the first gear-driven beam & sucker road pumping unit reducer.


In 2020, LUFKIN introduced “LONG STROKE”—stated by the company as the “world’s largest crank-balanced pumping unit.”


Additionally, the next-generation LUFKIN Well Manager™ 2.0 (LWM 2.0) is a patented rod pump controller that improves artificial lift equipment operation, while providing various benefits like:


  • Display lift system issues
  • Facilitate visual remote monitoring
  • Minimize equipment failures
  • Optimize production
  • Reduce operating costs


Furthermore, LUFKIN’s SROD™ intelligent rod pump design software helps in optimizing pump design against alternative design parameters and realizing maximum production at the lowest cost possible.


LUFKIN continues to set the industry standard in the energy industry by offering a comprehensive range of downhole pumps and accessories, sucker rods, surface pumping units, automation systems, and optimization equipment and software.


National Oilwell Varco, Inc. (NOV Inc.)

Founded: 1841

Location: Houston, Texas, United States


Formerly known as “National Oilwell Varco, Inc.,” NOV Inc. (NOV) is a leading provider of oilfield equipment and technologies, including artificial lift solutions for O&G customers worldwide.


The NOV family of companies—NOV Completion & Production Solutions, NOV Rig Technologies, and NOV Wellbore Technologies—provides advanced equipment, operational support, and technical expertise necessary to optimize O&G drilling and production operations globally.


NOV provides a comprehensive suite of artificial lift equipment and packaged solutions under the following categories:


  • Automation and Monitoring
  • Corrosion and Wear Prevention
  • Pipe Protection
  • Downhole Artificial Lift Accessories
  • Inspection Services
  • Production Service Hookup
  • Blowout Preventers
  • Hookup Accessories
  • Polished Rod Accessories
  • Stuffing Box Packing
  • Stuffing Boxes
  • Tubing Rotators
  • Progressing Cavity Pump Systems
  • Driveheads
  • Pumps
  • Stuffing Boxes
  • Tubing Rotators
  • Rod Pump Systems
  • Automation and Monitoring
  • Blowout Preventers
  • Hydraulic Pumping Units
  • Polished Rod Accessories


Furthermore, NOV aligns the artificial lift solutions with tubing and sucker rod coatings, inspection systems, reporting software, and rod guides to ensure a smooth artificial lift operation at all times.



Founded: 1991

Location: Dubai, United Arab Emirates


Novomet is a world-renowned provider of artificial lift solutions and services for the O&G industry. Novomet pioneered the use of powder metallurgy to manufacture pump stages (1991) and later became synonymous with PMM (Permanent Magnet Motor) technology (2012).


Novomet’s industry-leading R&D capabilities have yielded immediate performance improvements for their customers in every major oil market.


Over the years, Novomet has expanded globally with a network of international locations, including Argentina, Canada, Colombia, Ecuador, Egypt, India, Indonesia, Iraq, the Middle East, the Netherlands, and the U.S.


Novomet provides a wide variety of artificial lift products and services to extend the economic lives of wells and lower lifting costs.


Novomet’s artificial lift systems and technologies include:


  • Asynchronous induction and permanent magnet motors
  • Bypass systems
  • Downhole ESP sensors
  • Dual ESP systems
  • ESP motors
  • ESP protectors
  • ESP systems
  • Filters and solids control solutions
  • Intake and gas management devices
  • Multi-reservoir production
  • Optimization software
  • Production optimization (smart wells)
  • Progressive Cavity Pumps (PCP)
  • Remote monitoring
  • Rotary Displacement Cylindrical Pumps (RDCP)
  • Scale management solutions
  • Simultaneous injection and production
  • Test benches
  • Valves
  • Variable speed drives


Novomet’s artificial lift services include:


  • ESP services
  • Test bench service
  • HPS service
  • Artificial lift training
  • Custom oilfield services


Schlumberger Ltd. (Schlumberger N.V.)

Founded: 1926

Location: Houston, Texas, United States


Schlumberger Ltd. (also known as “SLB”) is a globally renowned oilfield services company that is reported to be the “world’s largest offshore drilling company and offshore drilling contractor by revenue.”


Founded by Schlumberger brothers (Conrad Schlumberger and Marcel Schlumberger) as the Electric Prospecting Company, SLB has established itself as a company with a legacy worth celebrating and as a pioneer unlocking new possibilities in energy access.


SLB’s integrated lifting solutions encompass specialized expertise and complete equipment packages for every flow rate.


SLB’s artificial lift solutions include:


  • DELFI Production Chemicals for ESP Pump Run-life Optimization (real-time monitoring, analysis, and autonomous chemical injection to extend ESP run life)
  • ChemWatcher Integrated Chemical Management System (chemical data management software to optimize performance)
  • Downhole Sand Control Screens for Artificial Lift (field-proven screen for ESP pump applications)
  • Optimizing Artificial Lift (autonomous services, production chemicals, and software for optimal artificial lift operations)
  • Electric Submersible Pumps (ESPs) (diverse ESP solutions to maximize production in any well or environment)
  • Progressing Cavity Pumps (PCPs) (positive displacement pumps with lower operating and capital costs)
  • HPS Pumps (cost-effective, field-proven, and reliable centrifugal pumps)
  • Rod Lift (dependable rod lift equipment to maximize uptime)
  • Gas Lift (gas lift products for continuous- or intermittent-flow production)
  • Power Systems and Cables (a complete product line of power systems, cables, and motor lead extensions for reliable pumping power and protection)
  • Sensia Lift Control Systems (a joint venture created to solve specific O&G industry challenges)


As an O&G innovator, SLB’s know-how and technology are helping solve the O&G industry’s most pressing challenges, while ensuring equitable, secure, and sustainable energy access for the benefit of all.


Weatherford International Plc

Founded: 1941

Location: Houston, Texas, United States


Weatherford International Plc (Weatherford) is one of the world’s largest multinational oilfield service companies engaged in well drilling, evaluation, production, and intervention of oil and natural gas.


Weatherford provides environmentally sound and sustainably economic lift solutions to enhance safety and streamline operations.


Weatherford’s leading lift and optimization solutions help O&G operators worldwide achieve full production potential and improve bottom-line productivity.


Weatherford’s artificial lift portfolio includes:


  • Gas-Lift Systems (turnkey gas-lift solutions to optimize performance and safety)
  • Progressing Cavity-Pump Systems (purpose-built PCP solutions for specific well applications)
  • Reciprocating Rod-Lift Systems (fully integrated rod-lift solutions to maximize efficiency)
  • Plunger-Lift Systems (Cost-effective rigless solutions that enhance overall production)
  • Smart Jet-Lift Systems (physics-based modelling and control for best-in-class production intelligence)
  • Automation and Control (proactive management and reduced NPT (non-productive time) with real-time monitoring and alerts)


Weatherford’s custom lift strategies, field-proven technology, and fully integrated lift ecosystems (including downhole pumps and surface pumping units) can adapt to any production environment and eliminate production uncertainty, while minimizing emissions.


Here are some other companies offering innovative products and services for artificial lift applications:


SPOC Automation provides automation solutions (such as variable frequency drives for rod pumps) for the O&G industry’s upstream and midstream segments.


Upwing Energy is an artificial lift technology company that provides a comprehensive “End2End” natural gas service enabled by subsurface compressor systems.


Valiant Artificial Lift Solutions is an independent oilfield service company providing efficient and reliable ESP systems, ESP Cable, horizontal pumping systems, as well as variable speed drive controls and monitoring services.


Blackridge Research & Consulting – Global Artificial Lift Market Report


Blackridge Research & Consulting’s Global Artificial Lift Market report provides a rigorous market analysis based on the following market segmentation:


  • Geography (North America, Europe, Asia-Pacific, Rest of the World)
  • Operating Process (Electric Submersible Pump, Gas Lift, Sucker Rod Pump, Hydraulic Pump, Progressive Cavity Pump, Plunger Lift)


The report also provides deep insights into the most influential artificial lift market growth drivers and restraints, present and future market opportunities, important commercial developments, competitive landscape, key industry players, and more.


Contact us to learn more about the introductory offer and instant savings on your first or multiple purchases. You can buy the report directly or email us at sales@blackridgeresearch.com to purchase specific sections of the report.


You can also reach out to us for custom research services and free report customization.


Furthermore, all report purchases come with up to 60 minutes of exclusive analyst access and post-purchase analyst support up to a year.


Wrapping Up


It is believed that sufficient reservoir pressure for natural flow exists in only 5% of the world’s oil and gas wells.


As the O&G industry continues to evolve and deal with new challenges, artificial lift technology has emerged as a key component of oilfield production equipment by increasing the recovery of hydrocarbons and boosting profit from wells around the world.


The rising demand for oil and gas, government regulations, unconventional reserve expansion, and technological advancements are some of the significant drivers of the artificial lift market growth expected to continue substantially in the coming years.


Artificial lift companies are indispensable for helping the oilfield service producers and operators improve efficiency and safety, while reducing the environmental impact and operational costs.


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