April 15, 2014
Flotek Industries, Inc
. ("Flotek" or the "Company") (NYSE: FTK) today announced it has appointed
as Vice President, Middle East Business Development.
As the leader of Flotek's Middle Eastern business development and marketing team, Mahgoub will focus on development of new and existing markets for Flotek, including the development of markets served by the Flotek-Gulf Energy joint venture based in the Sultanate of
and the Company's relationship with Saudi Aramco.
Mahgoub is a 25-year oilfield veteran, two decades of which have been spent in the
. Upon completing his petroleum engineering degree at
Louisiana Tech University
, Mahgoub joined Schlumberger as a field engineer. He remained with Schlumberger his entire career, assuming greater responsibility over time concluding his tenure as a key relationship manager between Schlumberger and Saudi Aramco.
"We are delighted to have someone of Amerr's stature and experience join the Flotek team as we build a world class team in the Eastern Hemisphere," said
, Chairman, President and Chief Executive Officer of Flotek. "Amerr's experience in the region combined with deep relationships with key customers will service Flotek well as we work to build relationships and introduce our brand of innovative oilfield technologies to these important markets. Already Amerr has had an impact with key relationships, opening doors more rapidly than they would otherwise have opened and creating opportunities to penetrate markets that would have been elusive without his contacts and expertise."
Mahgoub will be based in
and spend considerable time in
as Flotek continues the development of its joint venture with Tasneea and Gulf Energy.
Site Lark Acquisition Closes
Flotek also announced that it has closed the previously announced acquisition of SiteLark, LLC, a leading provider of quality reservoir engineering and modelling services for a variety of hydrocarbon applications.