# Halliburton seeks to acquire stake in Russia's Novomet artificial lift business

Halliburton filed with Russia's Federal Antimonopoly Service over a potential acquisition of an interest in Novomet Oil Services Holding, an electrical submersible pump maker, possibly up to 100%. No agreement had been reached.

- Type: Acquisition
- Announced: 2016-12-23
- Where: Russia
- Status: announced
- Products: electrical submersible pumps, artificial lift systems
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Halliburton](https://endata.com/companies/690.md) (acquirer)
- [Novomet](https://endata.com/companies/691.md) (target)

## Sources

- [energyindustryreview.com](https://energyindustryreview.com/oil-gas/halliburton-intends-to-acquire-russias-novomet/), 2017-01-05: "Halliburton has held discussions with various shareholders of Novomet regarding the potential acquisition, including the possibility of acquiring up to 100% of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.