Market Overview

Furmanite Awarded Global Pipeline Intervention Contract

Furmanite Corporation (NYSE: FRM) announced Monday that it has been awarded one of BP's four global Isolation and Intervention contracts. Representatives of BP stated, “This contract marks a significant achievement as the culmination of work with supplier engagement and evaluations. Safe isolations are important across BP's operations for works such as valve replacement and for plant/platform shutdowns. All of the Suppliers have committed to a program of continuous improvement and developing best practices leading to industry guidelines.”

Posted-In: News Contracts After-Hours Center

 

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