Bahamas Petroleum CEO Resigns for Personal Reasons

Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Dr Paul Crevello, Chief Executive Officer, has resigned with immediate effect for personal reasons.

Following this resignation, Alan Burns, Non-Executive Chairman and Founder, will oversee the appointment of a suitable replacement candidate for the role of CEO.

In the interim period, Steve Weyel, a Non-Executive Director with significant technical and corporate experience within the oil and gas industry, will assist in the day to day affairs of the Company by providing a supporting role to Paul Gucwa, the Company’s Chief Operating Officer.

Alan Burns, Non- Executive Chairman and Founder, said:

“We are very grateful for Paul’s contribution to the business, working with me to build the Company to its present stage and position. Paul has made great strides in steering the Company through the exploration value chain and we wish him well in his future ventures.

“We will now take steps to put in place a new CEO to take the Company through the next critical stage of its development. I will personally oversee this process and can assure shareholders that we will recruit from the very best available candidates, in the shortest practical timeframe.

“The 3D seismic survey currently being taken is a little over half way through. The in-house interpretation of this will begin in Q4 of this year, which will be a cornerstone of our development strategy. This provides the Board with a window of opportunity during which it can advance candidate selection and make an appropriate and considered appointment.”

Source: Bahamas Petroleum, August 12, 2011;

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply