Forum Energy Technologies has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda (Deepsea Technologies) on March 17 to represent its operations in Brazil as part of the business’ long-term growth strategy in South America.
Deepsea Technologies provides engineered products and services to the oil and gas industry globally. It has a key focus in delivering solutions for subsea and topside production systems and subsea intervention systems.
The partnership will see Deepsea Technologies provide business development and engineering support on behalf of FET in Brazil. It will also deliver full servicing, repair, calibration, upgrades and modifications for FET remotely operated vehicles (ROVs) and associated tooling. Deepsea Technologies will also have responsibility for the repair and calibration of FET torque machines.
“We continue to see strong demand for our products in Brazil and recognize the need to appoint a local partner to increase our in-country presence and support our ambitious strategy,” Kevin Taylor, FET’s, vice president of subsea vehicles, said. “It’s important that we work with partners who can deliver the high quality of service FET is known for. Deepsea Technologies is a well-respected business and the team provides us with a strong channel to complement our existing framework across the academic, survey and energy markets.
The partnership represents a key step on Proserv’s technology roadmap as it seeks to play a significant part in the energy transition, the controls technology company says.
Dutch deepsea prospector Fugro reported on Feb. 25 a 19.2% rise in full-year 2018 revenue to 1.65 billion euros (US$1.87 billion), helped by growth across all divisions.
Genstar Capital is nearing the acquisition of RS Energy Group with plans to merge the Calgary, Alberta-based firm with portfolio company Enverus, according to a report from Bloomberg.