Forum Subsea Technologies Wins Agreement With DOF Subsea for the Supply of Six Perry(TM) XLX ROV Systems

Published on Thursday, 09 February 2012 03:09 Written by TradersHuddle Staff

HOUSTON, Feb. 9, 2012 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (FET) is pleased to announce the signing of a contract with DOF Subsea AS (DOF). Under the contract, FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages.

All six systems are scheduled for delivery in 2012. Two Perry XLX systems will be delivered to DOF for mobilization in Singapore onboard the Skandi Hawk for work within the Australasia region. Four Perry XLX systems are to be delivered to DOF for mobilization into Brazil and will support DOF's expanding Brazilian operations. With this new order, the DOF Subsea ROV fleet now stands at 34 Perry ROV systems, including the Perry XL, Perry XLS and the Perry XLX.

Forum's Subsea Technologies' product offering ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services.

About Forum Energy Technologies

Forum Energy Technologies, Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,200 employees strategically located throughout the world, FET is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors in the oil and gas industry.

For more information, please visit www.f-e-t.com.

CONTACT: Donna Smith, Director - Marketing
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