The order, for two 3 m vertical pumps from KPO, was the first Amarinth has won in partnership with ISG, a supplier of equipment for the oil and gas and associated industries based in Kazakhstan.
Part of the company's 10-year plan includes a free cash flow of approximately US$50 billion based on a real WTI price of US$50/bbl and annual capital expenditures averaging less than US$7 billion over the decade.
The new contracts in the Middle East, Africa and Europe are worth approximately US$460 million.
The contracts and contract extensions have a combined value of more than US$120 million.
Group production averaged 79.4 kboepd for the period with high operating efficiency of 94%.
Garcia recently served as Executive Vice President and Chief Financial Officer at Visteon Corporation, a leader in automotive cockpit electronics, and served as a board member of Keane Group, a pure-play provider of integrated well completions.
The rig has been named the "IMI-2030".
Oil and gas production has started at the P-68 FPSO located in BM-S-11-A Concession in Berbigão, Sururu and West Atapu.
The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in 1Q20.
The company has announced a major rig fleet expansion programme to support its upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy.
2000 abstracts have been received, 300 of which will be selected to be presented as papers and posters at the Congress in December 2020.
The company has appointed Tim Dallas as business development manager for the region.
The giant Bab onshore field is one of the company's largest onshore producing assets.
The Mærsk Developer semi-submersible rig is expected to begin operating offshore Trindad and Tobago for BG International Ltd in 1Q20.
The data collected from the drilling has established the well as a successful appraisal of the Mako gas field, offshore Indonesia.