ConocoPhillips Recognizes ChampionX Norway Operations with 2022 Supplier Recognition Award

Rhea-AI Summary

ChampionX Corporation has been honored with the 2022 Supplier Recognition Award by ConocoPhillips for its focus on execution in the Greater Ekofisk Area in Norway. This recognition highlights ChampionX's commitment to asset integrity through its innovative chemical solutions designed to enhance the life of oil and gas assets. The award reflects ConocoPhillips' values and emphasizes the crucial role suppliers play in meeting its energy transition and net-zero emissions goals. ChampionX serves customers globally, providing advanced technology and solutions for efficient and sustainable drilling operations. The Greater Ekofisk Area, located in the North Sea, represents a key operational zone for the company.

Positive

• Received the 2022 Supplier Recognition Award from ConocoPhillips for focus on execution.
• Recognized for contributions to asset integrity in the Greater Ekofisk Area.
• Demonstrates strong commitment to innovation in chemical solutions for oil and gas.

Negative

• None.

Honor recognizes Company’s focus on execution in the Greater Ekofisk Area in Norway

THE WOODLANDS, Texas, April 26, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) is pleased to announce its operations in Norway have been recognized by ConocoPhillips with the 2022 Supplier Recognition Award – Focus in Execution, acknowledging the Company’s asset integrity program in the Greater Ekofisk Area in Norway.

“As one of the world’s leading upstream chemicals and production technology suppliers, ChampionX is committed to the success of our customers,” said Deric Bryant, chief operating officer and president, Chemical Technologies, ChampionX. “We are honored to be recognized by ConocoPhillips for our contribution, and I applaud our team’s effort to achieve this notable recognition.”

Suppliers that exhibit exceptional leadership in observance of ConocoPhillips’ SPIRIT values are nominated for the award by business units around the globe, and winners are chosen by a cross-functional panel of senior leaders.

“Our suppliers play a key role in helping us deliver on our Triple Mandate of meeting energy transition pathway demand, delivering competitive returns on and of capital, and achieving our net-zero operational emissions ambitions,” said Bill Bullock, executive vice president and chief financial officer, ConocoPhillips. “These award recipients set themselves apart by finding unique solutions to deliver continued value for ConocoPhillips and our stakeholders.”

The Greater Ekofisk Area is located in the North Sea, approximately 300 kilometers southwest of Stavanger, Norway. ChampionX provides a range of chemicals designed to enhance the life of the assets deployed in these fields, supported by its teams in Stavanger and Aberdeen.

“At the core of our culture is the idea that we succeed best when we advocate for our customers,” said David Marlow, regional sales manager – Scandinavia & continental Europe, ChampionX. “I’m delighted with our accomplishment and so proud of the teamwork and effort.”

About ChampionX

ChampionX 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.

Investor Contact:
Byron Pope – byron.pope@championx.com – 281-602-0094

Media Contact:
John Breed – john.breed@championx.com – 281-403-3751

FAQ

What is the significance of the Supplier Recognition Award received by ChampionX on April 26, 2023?

The Supplier Recognition Award highlights ChampionX's excellence in execution and contributions to asset integrity in the Greater Ekofisk Area.

How does ChampionX's recognition by ConocoPhillips impact its business operations?

The recognition reinforces ChampionX's strong position as a supplier and showcases its commitment to quality, potentially leading to enhanced collaboration with major clients.

What are ChampionX's main contributions in the Greater Ekofisk Area?

ChampionX provides advanced chemical solutions that enhance the life of oil and gas assets, supporting efficient and sustainable operations.

What role do suppliers play in ConocoPhillips' operations according to the press release?

Suppliers are essential in helping ConocoPhillips achieve its energy transition goals and net-zero operational emissions ambitions.