imo it wont be long before we start hearing more and more on the flotation tech front, the contract dollars that could come our way are enormous and what that could do to the share price is take it to all new highs imo.
it's inevitable as deeper waters are explored and more rigs start coming online, the demand is already very strong and growing by the day.
here is a post that has potential deep down/ flotec dollars written all over it
Posted by: jdsgungho Date: Saturday, August 23, 2008 11:04:23 AM In reply to: None Post # of 76799
here is one i really like --
Within the past few years, Flotation Technologies has received its approved vendor status for the supply of engineered products such as distributed buoyancy, installation buoyancy and bend limiting products from customers including Cooper Cameron, Oceaneering Multiflex, Technip and Wellstream as well as several large, independent oil companies.
Wellstream do Brasil Industria e Servicos Ltda, a wholly owned subsidiary of Wellstream Holdings PLC is pleased to announce the receipt of a 4 year framework agreement from Petroleo Brasileiro SA (Petrobras). The contract covers the procurement of standard 2.5 inch to 9.5 inch flowlines and risers between 2009 and 2012 and has a value in excess of GBP £600 million; representing some 700 nkm(1) of pipe over the 4 year period.
Gordon Chapman, CEO commented: "This contract demonstrates the continued confidence of Petrobras in Wellstream as a preferred supplier and development partner. The contract also underpins our expansion plans for the Niteroi plant and allows us to support the growth ambitions of our customers in Brazil."
"This Frame Agreement is designed to cover standard structures that have been developed for existing fields in water depths up to 2,000 meters. Supply of flexible risers and flowlines for deeper water and specialised projects would represent additional volumes over and above those envisaged by the frame agreement"
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