Forum Energy Technologies, Inc. (NYSE: FET) has announced that its AMC Engineering product line has been awarded multi-million dollars worth of significant new orders within just one month.
The multiple orders are for the manufacture and supply of its industry-leading fully rotational torque (RT) bucking unit with the first delivery scheduled for Q1, 2016. They have been purchased by three of the largest multi-national oil service companies and will enable improved and increased tool make up capabilities at locations in the Middle East, South America and Caspian regions.
The RT bucking machine (RT) is a self-contained, free-standing hydraulically powered unit designed for fast and accurate make up and break out of premium and regular threaded connections for tubular equipment up to a maximum torque of 200,000 foot-pounds (ft lbs).
Plant manager at Forum AMC Engineering, Darren Bragg, said: “To win a series of orders from a number of leading international companies is a major endorsement of our products and our Aberdeen-based manufacturing and export capabilities, particularly in the current challenging market conditions.
Forum AMC wins multi-million dollars worth of new orders for its industry-leading rotational torque unit.
“It also demonstrates the strong relationships we have built with our customers as well as introducing a new customer to our equipment. To continue to win these large capital investments is great recognition for our team effort and reinforces a strong and encouraging start for 2016.
“We understand more than ever that budget is hard to come by and that, as part of this, understanding our customers’ requirements and delivering solutions on time, on budget is paramount. Choosing Forum’s equipment at a time when every budget item is being especially scrutinized by companies is a testament to the confidence in the reliability of our equipment.”
Forum also announced that from January, 2016, the manufacture of the company’s PQuip Mud Bucket product will be transferred to the Forum AMC facility. This joins the Tautwire product line that was moved to the Aberdeen location earlier in 2015. This further reinforces the continued recognition of the skills and experience that the team at Forum’s AMC facility provides.
Forum Energy Technologies 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.
Forum AMC is an internationally recognized manufacturer of torque equipment (bucking machines). Its market-leading equipment is in operation around the world with most of the major oil and gas service companies in Africa, North and South America, Canada, Europe, Far East, Middle East and Russia.
Forum AMC has been delivering torque solutions to the market for over 25 years with every unit being designed and manufactured to meet and exceed our customers’ requirements. The business’s technical engineers are available anywhere in the world for installation, servicing, training and calibration while Forum AMC also carries out and supplies service, calibration, repairs and modification on non-AMC equipment.
