Pura Vida searching for new boss ahead of Gabon drilling campaign

Oil and gas exploration company Pura Vida Energy has informed that the employment of its Chief Executive Officer Damon Neaves is ceasing, effective immediately. The company is now looking to hire a new boss ahead of drilling campaign offshore Gabon. 

According to the terms of the employment contract, Neaves is expected to resign his directorship on the board imminently, the company said on Wednesday.

Simon Eley, Non-executive Chairman, will assume an interim role in the day to day management of the company with the assistance of the remaining directors and management team.

The company noted that Eley will be entitled to receive $1,500 per day or part thereof, for work performed outside the scope of his role as Chairman. The board will soon seek to identify and secure a suitable technical person to join the company and assist with the upcoming program at Nkembe, Pura Vida added.

The company reiterated its commitment to plans to complete the anticipated three well drilling campaign on the Nkembe block offshore Gabon later this year.

To remind, Pura Vida in late January left a permit offshore Morocco to focus on the asset offshore Gabon. Earlier that month, the company reached a conditional agreement with an offshore drilling contractor which would fund a three-well drilling program in the Nkembe block.

The deal envisioned the drilling contractor providing a jack-up rig and funding the costs of the rig for the three-well program anticipated to start in the second half of 2017.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
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

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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