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NOV and Chevron announce joint development agreement focused on improving offshore processing efficiencies

The joint effort will accelerate the development and delivery of technologically advanced products and services to increase operational efficiencies, beginning with subsea environments.

Mar 01, 2022

NOV and Chevron have announced a joint effort to accelerate the development and delivery of technologically advanced products and services to increase operational efficiencies, beginning with subsea environments.

NOV is honored to work with Chevron as we design and deliver the next generation of subsea systems. This technology, which will be a key part of the next stage in the evolution of subsea operations, is a perfect example of what comes from close collaboration with our customers and an unending desire to seek improvement.

David Reid
Chief Marketing Officer and Chief Technology Officer of NOV

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."

 

NOV Offshore Production promo graphic

NOV's Offshore Production Solutions leverage our recognized and long-standing proficiency, experience, and diverse process and production systems. Uniting economical design, superior technologies, and integrated systems, we enable our clients to optimize upstream operations and unlock full field potential.

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