Forum Subsea Technologies a subsidiary of Forum Energy Technologies, has seen a strong start to the year with three recent sales awards in Russia and Norway.
The deals will see the firm supplying four of its remotely operated vehicles (ROVs) to academia and the aquaculture industry.
Forum said that these wins are in line with its continued growth strategy to diversify into new ROV markets across the globe and complement its work in the oil and gas and renewables sectors.
The first sale is to an academic research facility in Russia. Awarded through Forum’s local distributor in the region – DiveTechnoService LLC – the St Petersburg-based academic institution has selected one of the company’s Mojave ROVs to support its oceanography research work.
The other new contracts are repeat business with two Norwegian aquaculture companies. Forum successfully sold one Mojave observation vehicle and two Mohican inspection class ROVs through its local distributer, Innova AS. The vehicles will be used for the inspection and maintenance of commercial fish farming operations in Norway.
Kevin Taylor VP of Subsea, said: “During the prolonged downturn in the subsea market, we have adapted our business plan and explored new markets for our ROVs. We are now seeing this come to fruition with four ROVs being purchased in the aquaculture market for inspection and repair work and also for academic research in Russia.”