Forum Energy Technologies, Inc. (FET) is a leading global company that provides manufactured technologies and applied products to companies in the energy sector, predominantly those engaged in oil and natural gas production. Established in 2005 and headquartered in Houston, Texas, USA, its strategic goal is to grow shareholder value by providing unsurpassed customer service, reliable delivery, and seamless utilities, all under a structurally lean and nimely-mobilized business model.
FET’s primary operational segment comprises two units: Drilling & Downhole and Subsea. The Drilling & Downhole division designs, manufactures, and supplies products and technology for drilling rigs and services, downhole tools, and spare parts. On the other hand, the Subsea unit is mainly involved in developing, manufacturing, and supplying products and engaging services related to subsea operations, including remotely operated vehicles (ROVs), and other robotic systems applied to underwater excavation and construction.
The company is known for manufacturing high-quality, custom-engineer energy equipment that is widely used globally. Excelling in customer service and promoting safe and sustainable operations, FET strives to drive innovation, providing class-leading solutions to its clientele within the energy industry.
FET operates globally and has a strong presence in North America, Europe, the Middle East, and Asia Pacific. A considerable portion of its revenue is gained from the United States and international orders from energy companies. In 2021, FET’s total revenue was approximately $497.2 million. Dedicated to constant evolution, the firm believes in advancing and refining its portfolio aligning the industry demands.
Major products of Forum Energy Technologies include drilling equipment, production equipment, downhole tools, and subsea technologies. Some of its best-known products include drilling jars, shock tools, mud motors, drill bits, and more recently, remotely operated vehicles for underwater work. Renowned for their durability and reliability, these products are highly sought after in the demanding and diverse field of energy production.
Over the past years, FET has added significant value to its stakeholders and continues to make promising strides in its industry. Close to the heart of its operation is a commitment to excellence, safety, and innovation. The company continues to pioneer in the energy sector, driving advanced solutions and products while maintaining a responsible approach to social and environmental stewardship.