Borets-Weatherford building new R&D lab in Tulsa
By Staff Reports
Monday, January 14, 2013
Electric submersible pump maker Borets-Weatherford U.S. Inc. symbolically broke ground on its new research and development center Monday at its North American headquarters in Tulsa.
The company which moved to Tulsa two years ago, now has 90 employees at its administrative base and hopes to hire another 30 locally over the next two years. The 15,000-square foot lab will include two fully functional test wells and space for working with Borets-Weatherford’s permanent magnet motor system recently introduced in the North American Market.
“One of our strategic goals is to double the size of our business in the next five years,” Kim Arnold, CEO for Russia-based Borets’ U.S. subsidiary, said during groundbreaking ceremonies at the 1600 N. Garnett Road facility. “Our dominance in the ESP business will be supported by our investment in research and development.”
Borets bought Midland, Texas-based Weatherford in 2008 and moved the headquarters to Tulsa in 2010. The company also has regional operations in Oklahoma City, Pauls Valley, Casper, Wyoming., as well as Midland, Breckenridge, Longview and Conroe, Texas.
Construction will begin soon on the lab and completed by the end of 2013, company officials said.