Press Esc to close

WorldOil

World Oil News Center



Dana Petroleum announces leadership change

ABERDEEN, UK -- After three years leading Dana Petroleum, Dr. Marcus Richards has decided to step down as group chief executive.

Richards joined the company following its takeover by the Korea National Oil Corporation in late 2010, transforming it from an investor-led business into a fully-fledged exploration and production company operating in Europe, Africa and the Middle East.

During this time Dana’s oil production has increased to 55,000 barrels per day, revenue and profits have been strong and more than 150 people have joined the company.

The growth strategy launched in 2011 has led to exploration and appraisal successes in the UK, Netherlands and Egypt, which have created opportunities for future developments. In parallel, Dana has also shifted its focus from a largely non-operated portfolio towards more operated positions.

Dana’s $1.6 billion Western Isles development project, which was approved by the UK government in late 2012, will provide an additional 40,000 barrels of daily production when it comes on stream in 2015.

Graham Scotton, Dana’s COO, will become the company’s acting group chief executive with immediate effect.

Scotton has spent 36 years working in the oil and gas industry. He has worked for BP and BG Group and joined Dana earlier this year from his previous role as country manager for Cobalt International Energy in Angola.

He has also held senior leadership positions in a number of different locations including Kazakhstan, Angola, Egypt, Venezuela, Azerbaijan, Norway, the U.S. and the UK. These roles have included petroleum and reservoir engineering, asset management and offshore installation management.

12/03/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events