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Forum Energy Technologies and Offshore Technology Development Announce Joint Development of Hydraulic Catwalk

HOUSTON, May 04, 2016 (BUSINESS WIRE) -- Forum Energy Technologies, Inc. FET, +1.91% 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...


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