Forum Energy Technologies, Inc. (Forum) yesterday signed an exclusive five-year supply agreement with Canyon Offshore (Canyon). Under the agreement, Forum will be the exclusive provider to Canyon of work-class ROVs and Trenchers. This agreement was initiated with the award of two Perry XLX-200 work-class ROV systems, scheduled for delivery in the second quarter of 2012 and immediate mobilization onboard Canyon’s newest vessel, the Grand Canyon.
Under the agreement, Canyon expects to benefit from recent and future technical advances made in Forum’s work-class ROVs. Forum expects to work closely with Canyon to provide the remote technology necessary to improve Canyon’s deep-water operations and reduce risk.
Forum’s subsea technologies include the most extensive range of remotely operated vehicles (ROVs) from electric observation ROVs to large hydraulic work-class vehicles which are used for inspection, survey and deep-water construction. Forum also provides other remote intervention technologies and services.
OET Staff , November 15, 2011; Image: Forum Energy Technologies