Chevron’s experience, ingenuity, and other intellectual property relating to subsea systems design, installation, and operations will join NOV’s original equipment manufacturing (OEM) know-how and advanced materials technology in the areas of design, development, and testing. NOV’s Subsea Production Systems and Process and Flow Technologies business units will make and sell products developed under this agreement, under the Wellstream Processing (WSP) and Advanced Production and Loading (APL) groups.

“At Chevron, we believe that technology and innovation will help shape the future of affordable and reliable energy,” said Eimear Bonner, President of Chevron Technology Center. “Our Chevron Technical Center actively seeks partnerships that complement our ability to fully harness the benefits of technology to anticipate and solve the challenges of finding, developing, producing, and delivering energy in a safe, efficient, and reliable manner."