ChampionX Opens New Chemicals Lab Facility in Trinidad
Investment provides in-region capabilities to support oil and gas production
SUGAR LAND, Texas, December 9, 2022 – ChampionX LLC (the “Company” or “ChampionX”), a subsidiary of ChampionX Corporation (Nasdaq: CHX), has expanded its presence in the Caribbean through its Trinidad branch with the opening of a new oilfield services chemicals lab and distribution facility in Chaguaramas, Trinidad. The local operation will test, store, and distribute chemical solutions used in oil and gas production in the region.
“Our new operation in Trinidad expands our ability to serve the region’s oil and gas industry,” said Ross O’Dell, president of Oilfield and Specialty Performance at ChampionX. “We are proud to have been a part of the local economy since 2014, and we appreciate the trust our customers place in our products and services. This investment demonstrates our commitment to meeting our customers’ evolving needs and we are excited for the opportunities that lie ahead for us in the region.”
The 2,500-square-foot facility includes a 400-square-foot laboratory that enables ChampionX to perform on-site testing that includes corrosion coupon analysis, chemical compatibility testing, and bacteria level determination in produced water, among many other analyses.
“ChampionX is undeniably a global leader in high-tech engineering and chemicals manufacturing, and I am delighted to know you have chosen to establish a base here,” Senator the Honorable Paula Gopee-Scoon, Trinidad’s Minister of Trade and Industry, said in prepared remarks.
“The establishment of this compound marks a further deepening of our business ties and represents your long-term commitment to servicing our oil and gas industry.”
ChampionX has delivered a number of chemical solutions to customers in Trinidad that have generated documented cost improvements, production optimization, and contributed to customers’ sustainability goals. A ChampionX corrosion inhibitor product was successfully deployed with a major gas producer in Trinidad, saving 46% in corrosion inhibitor costs and achieving $200,000 annual savings. ChampionX also delivered a biocide product that was more effective at lower concentrations than incumbent products, leading to more than $340,000 in annual cost savings across five production sites for one customer.
“At ChampionX Trinidad, we are committed to continuous improvement,” said Rishi Mahadeo, who leads ChampionX’s operations in Trinidad. “We not only strive to meet and surpass our customers’ expectations, but we use ChampionX’s new technologies and innovations to maintain our standard of service to our customers.”
Case histories documenting these and other ChampionX solutions can be found on our website at championx.com.
About ChampionX Corporation
ChampionX Corporation is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. ChampionX's expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well. To learn more about ChampionX, visit our website at www.championX.com.
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