Genel Energy PLC (GENL)
Genel Energy PLC: Changes to Organisational Structure
06-Jun-2019 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
6 June 2019
Genel Energy plc
Changes to Organisational Structure
Genel Energy plc ('Genel' or 'the Company') is pleased to announce the
appointment of Mike Adams as Technical Director, and PDMR, with immediate
effect.
The appointment follows a repositioning of the role of Chief Operating
Officer ('COO'), which is now split into 'pre-production' and 'on
production' business lines. Reporting to the Chief Executive Officer, Mike
is responsible for all pre-production activities including exploration,
appraisal, and new asset acquisitions.
Mike has 28 years of experience in the oil and gas industry in a wide
variety of exploration, exploitation and global business development roles.
Prior to joining Genel in 2012, Mike worked in a series of technical and
leadership positions for companies including British Gas, Amerada Hess, Gulf
Keystone Petroleum, and Sterling Energy.
Genel expects to appoint a new COO in due course, who will be responsible
for the performance of operated and non-operated producing assets.
Mike has joined Genel's Executive Committee, along with Vrijesh Kumar ('VK')
Gupta, who has been appointed Head of HSE and Risk Management. VK joined
Genel in 2014 as Head of HSSE. There has not been a lost time incident at
Genel/TTOPCO operations since 2015, constituting over eight million working
hours, and Genel hit its target of zero losses of primary containment in
2018. TTOPCO has also achieved a five star grading from the Five Star
Occupational Health and Safety Audit, which was conducted by the British
Safety Council.
VK has 30 years of experience in oil and gas industry. Immediately prior to
joining Genel, he was Vice President for HSSE for BG Group, UK, and has
worked with ONGC and Enron Oil & Gas.
Bill Higgs, Chief Executive of Genel, said:
"As Genel's operations expand we are growing capability across the Company.
Work is beginning at both Sarta and Qara Dagh, which Mike was integral in
bringing into the portfolio, and he and his team will work with Chevron to
optimise the development of these assets. He will also drive our ongoing
work to strengthen the Company through value-enhancing acquisitions. VK has
done a great job in leading the development of our safety culture at Genel,
and will continue to ensure that our focus remains on world-class
performance.
I am pleased to have them both join our Executive Committee, bringing their
years of industry experience as we progress our growth plans."
-ends-
For further information, please contact:
Genel Energy +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7390 0230
Patrick d'Ancona
Notes to editors:
Genel Energy is an independent oil and gas exploration and production
company listed on the main market of the London Stock Exchange (LSE: GENL,
LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and
offices in Ankara and Erbil, is one of the largest London-listed independent
oil producers, and is the largest holder of reserves and resources in the
Kurdistan Region of Iraq. Genel has highly cash-generative oil production
from the Taq Taq and Tawke licences, with material growth potential from
other assets in the portfolio. Genel also continues to pursue further growth
opportunities. For further information, please refer to www.genelenergy.com
[1].
ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 9213
EQS News ID: 820173
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 06, 2019 02:02 ET (06:02 GMT)
