Lets Talk Finances

Provoking Discussion on Personal Finance and Investing

FET - Forum Energy Technologies, Inc. ()

Overview

Company Summary


Forum Energy Technologies, Inc. (FET) is a global oilfield products and equipment company that provides a range of specialized products and services to the oil and gas industry. FET focuses on the development, manufacturing, and distribution of highly engineered solutions used in the exploration, production, and processing of oil and natural gas.

Primarily, FET operates in three segments:

1. Drilling & Subsea: This segment specializes in the design, manufacture, and supply of products and equipment used in various drilling and subsea operations. FET offers a diverse range of solutions, including drilling and well intervention equipment, subsea production systems, fluid control products, well site infrastructure, and drilling optimization technology.

2. Completions: This segment focuses on providing completion and intervention solutions used in the construction and maintenance of wells. FET offers a wide array of products such as well stimulation equipment, well intervention tools, completion products, downhole tools, and artificial lift systems. These products enhance the efficiency of well operations and maximize production rates.

3. Production & Infrastructure: This segment offers a comprehensive range of products and services related to production and infrastructure activities within the oil and gas industry. FET provides equipment and solutions for well site production and processing, flow control products, measurement and monitoring systems, pipeline and infrastructure products, and production optimization technology.

Through these segments, FET supports various stages of oil and gas exploration, production, and processing, catering to both offshore and onshore operations. The company's products are used by a diverse customer base, including oil and gas producers, drilling contractors, and service providers. FET's focus on innovation, quality, and efficiency enables its customers to improve operational performance, reduce costs, and enhance safety throughout the oil and gas value chain.

Notes (see all)

News