In June 2020, ChampionX Corp. completed the merger of the businesses of Apergy Corp. and ChampionX Holding Inc., the former upstream energy business of Nalco Champion. Apergy then changed its name to ChampionX Corp. Now ChampionX has a team of nearly 7,000 people globally, and the company offers chemical, artificial lift, drilling and digital technologies for the reservoir, production, midstream and water treatment markets.
“The creation of ChampionX through the merger of Apergy and the Nalco Champion upstream chemicals business has been transformative and a complementary combination in strategic, operational and financial dimensions,” President and CEO Soma Somasundaram told E&P Plus. “Our combination created a global leader in production optimization and an essential player in the oil and gas market with a strong portfolio, global customer base and footprint, and strong financial profile.”
Somasundaram said the company’s strategy moving forward involves five strategic elements: “realizing the synergies we have laid out, accelerating our digital and digitally enabled revenue streams, leveraging our enhanced global footprint to increase our international sales, building our continuous improvement culture, and evolving our portfolio for sustained growth as the world undergoes an energy transition.”
In this exclusive interview with E&P Plus, Somasundaram shares details about how the company battled through 2020, its ESG efforts, digital technologies and current R&D projects.