FET - Forum Energy wins $25M contract to provide desalter systems to Saudi Aramco

2023-03-27 16:52:10 ET

Forum Energy Technologies ( NYSE: FET ) said Monday it was awarded a ~$25M contract to design, engineer and supply four electrostatic desalter systems for an onshore project at the Safaniyah oilfield in Saudi Arabia.

The company said the desalter systems will utilize its EDGE desalting technology, ForuMix high efficiency multiphase mixer technology, and in-house manufacturing capabilities at its facility in Dammam, Saudi Arabia.

Forum Energy Technologies ( FET ) offers "international market growth and deleveraging despite cost hikes," Badsha Chowdhury writes in an analysis posted recently on Seeking Alpha .

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