The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.
The latest upstream news
The contract between the two companies, which began in March 2016, has been extended for a further five years.
The company has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement.
The company has appointed Steve Carter as a project director to join its 70-strong upstream team in Aberdeen.
The company has been awarded a contract by TechnipFMC in Brazil to supply around 12 000 t of seamless steel rigid line pipe.
The company’s scope of work includes the design, detailed engineering and procurement of the marine systems as well as conversion-related construction services.
The blocks are located in the Malvinas basin, approximately 200 miles (320 km) offshore Tierra del Fuego.
The contract is for the operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea.
ZYFRA Group has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction.
The payment will be taken in shares and will give Union Jack more exposure to UKOG’s Weald Basin assets.