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.)
Novomet
Schlumberger Ltd. (Schlumberger N.V.)
Weatherford International Plc
Blackridge Research & Consulting – Global Artificial Lift Market Report
Wrapping Up
Here are the world’s leading artificial lift companies (listed alphabetically):
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:
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.
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:
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.
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)
Gas Lift (Gas Lift Products and Services)
Jet Lift (Jet Lift Pumps and Packages)
Plunger Lift (Plunger Lift Products and Services)
Production Automation and Optimization
Progressing Cavity Pumping Systems (PCP Products and Services)
Rod Lift (Rod Lift Products and Services)
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.
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:
Furthermore, JJ Tech provides a no-cost well analysis to help find the right hydraulic jet pump artificial lift system for a well.
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:
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.
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:
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:
Novomet’s artificial lift services include:
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:
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.
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:
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’s Global Artificial Lift Market report provides a rigorous market analysis based on the following market segmentation:
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.
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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.
