HOUSTON--(BUSINESS WIRE)--May 4, 2016--
Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has
aligned with Offshore Technology Development (OTD), a subsidiary of
Keppel Offshore & Marine Ltd., to offer the oil and gas industry the
latest in hydraulic catwalk technology for offshore rigs. The
partnership offers operators a premium jackup rig, fitted with a catwalk
with best-in-class cycle times for moving drill pipe and completion
tubulars from the pipe storage area up to the drill floor.
Through a combined effort between the two companies, this special-model,
automated system requires no physical connection with the drill floor
module and moves transversely independent of the drilling module when
repositioning port/starboard. This can significantly reduce safety risks
for the drilling crew and improve drilling efficiency. The innovative
solution is optimized for the KFELS B class and Super B class jackup
rigs, and the new catwalk technology can be easily retrofitted on an
existing rig.
Cris Gaut, Chairman and Chief Executive Officer of Forum Energy
Technologies, said, “Forum has always been focused on understanding
our customers’ challenges and finding the right solution, even in the
most extreme drilling environments. We are pleased to be partnering with
OTD, a company known for their rig-designing knowledge and
state-of-the-art manufacturing yards. This allows us to deliver an
innovative solution specifically designed for KFEL’s best in class
jackup rigs, which helps make these rigs the most efficient in the
world. The OTD/Forum catwalk also offers the widest range of pipe
handling capabilities, faster cycle times and improved safety by
reducing manpower requirements.”
Wong Kok Seng, Managing Director(Offshore) of Keppel Offshore & Marine,
commented, “This partnership with Forum enables us to further enhance
pipe handling capabilities on Keppel rigs and reinforces our reputation
for offering the safest and most efficient rigs in the industry to the
market. It combines the expertise of OTD for jackup rigs and the
in-depth capabilities of Forum’s catwalks to provide customers with
innovative and user-friendly solutions.”
Forum Energy Technologies, Inc. is a global oilfield products
company, serving the subsea, drilling, completion, production and
infrastructure sectors of the oil and natural gas industry. The
Company’s products include highly engineered capital equipment as well
as products that are consumed in the drilling, well construction,
production and transportation of oil and natural gas. Forum is
headquartered in Houston, TX with manufacturing and distribution
facilities strategically located around the globe. For more information,
please visit www.f-e-t.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160504006067/en/
Source: Forum Energy Technologies, Inc.
Forum Investor Contact
Mark Traylor, 281-368-1108
Vice
President, Investor Relations
mark.traylor@f-e-t.com
or
Forum
Media Contact
Donna Smith, 281-949-2514
Director,
Marketing & Communications
donna.smith@f-e-t.com
