Genel Energy PLC: Appointment of Chief Operating Officer (885837)
07 October 2019 - 5:01PM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Appointment of Chief Operating Officer
07-Oct-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.
7 October 2019
Genel Energy plc
Appointment of Chief Operating Officer
Genel Energy plc ('Genel' or 'the Company') is pleased to announce the
appointment of Paul Weir as Chief Operating Officer.
Reporting to the Chief Executive Officer, Paul will be responsible for the
performance of operated and, working with our partners, non-operated
producing assets. He will join Genel in January 2020 from Tullow Oil, where
he is currently Group Head of Operations and Safety.
Paul has over 30 years of global experience in oil and gas operations. Prior
to Tullow Oil, he previously spent 13 years at Talisman, where he was VP
Production & Exploration, leading operations at block PM3 at the
Malaysia/Vietnam maritime border, Talisman's largest operated asset. He
previously worked at Nippon Oil and Total Fina Elf.
Paul will join Genel's Executive Committee, and be a designated PDMR of the
Company.
Bill Higgs, Chief Executive of Genel, said:
"Genel is gearing up for rapid operational growth. Maximising the
high-margin production from the Tawke and Taq Taq PSCs remains a key focus,
as it provides the material cash generation that allows us to rapidly
recycle capital into an asset portfolio with the potential to deliver
sustained cash flow growth. With production from Sarta also less than twelve
months away, I am delighted to welcome Paul to the Genel team, where I am
certain that his expertise will be invaluable in delivering our growth
aspirations."
-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.: 22489
EQS News ID: 885837
End of Announcement EQS News Service
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