Dana Petroleum CEO Resigns

Dr Marcus Richards has decided to step down as Group Chief Executive after three leading Dana Petroleum.

Dr 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 Chief Operating Officer will become the company’s Acting Group Chief Executive with immediate effect.

Graham 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 USA and the UK. These roles have included petroleum and reservoir engineering, asset management and offshore installation management. He also spent time as a VP of operations, general manager in Egypt and as a COO in Angola.

November 29, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

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