The new segments are Rig Systems, Rig Aftermarket, Completion & Production Solutions, and Wellbore Technologies.
The Completion & Production Solutions group will focus on improving wellbore completions, and oil and gas production technologies. Completion & Production Solutions will primarily serve well intervention service providers and oil and gas producers, and pursue opportunities around hydraulic fracture stimulation, wellbore intervention equipment, composite tubulars, pumps, floating production systems and subsea production technologies.
Kirk Shelton has been promoted to president of Completion & Production Solutions. Shelton has been president of NOV Mission since 2007.