What's Happening?
Forum Energy Technologies (FET) has been awarded a contract to upgrade two remotely operated vehicles (ROVs) for a global vessel operator. The upgrades will include FET's latest control system, ICE Unity, and other advanced system architectures. These enhancements aim to improve the performance, efficiency, and reliability of the ROVs. FET will provide ongoing support and protection against obsolescence for at least ten years. This contract follows recent successful sales of ROVs to various international clients, showcasing FET's commitment to advancing subsea technology.
Why It's Important?
The contract highlights the growing demand for advanced subsea technology in the global maritime industry. By upgrading ROVs, FET is contributing to more efficient and sustainable offshore operations, which are crucial for energy exploration and production. The enhancements will reduce offshore exposure and support long-term projects, aligning with industry trends towards safer and more reliable subsea solutions. This development underscores the importance of technological innovation in maintaining competitive advantage and operational excellence in the subsea sector.
