Drilling and engineering contractor KCA Deutag has named a new chief executive officer following the decision by its current CEO to retire.
KCA Deutag said on Monday that it had named Joseph Elkhoury as its new CEO, effective July 1. He will take over from Norrie McKay who confirmed his intention to retire later this year.
McKay will remain with the group in an advisory capacity until December 31, 2019, working closely with Elkhoury to ensure a smooth transition.
Elkhoury brings with him 26 years of experience in a wide variety of operational and leadership roles in the oilfield services industry.
Most notably, he spent 21 years with Schlumberger, originally joining the group in 1993 as a wireline field engineer in Abu Dhabi. During his time there he held a number of senior positions and had responsibility for several of Schlumberger’s businesses including Microseismic Services, Production Services, Information Solutions, and Global Supply Chain.
In 2014, Elkhoury left Schlumberger to join Tetra Technologies as its COO and senior VP with a mandate to improve its financial performance and to build a long-term strategy for the company.
Most recently he was an operating partner at Apollo Global Management. He is currently a chairman of the board of Express Energy Services.
KCA Deutag chairman, Bob Ellis, said: “We are extremely pleased that Joseph is joining KCA Deutag. He brings with him an impressive range of international experience and a deep understanding of the dynamics of our market which we believe is essential as we take KCA Deutag into the next phase of its development.
“On behalf of the board of directors, I would also like to take this opportunity to thank Norrie for the huge contribution he has made to the business since he joined KCA Deutag eight years ago.
“Under his strong leadership the group has continued to flourish despite the worst downturn the oil and gas industry has ever experienced. This culminated in the acquisition of the Omani and Saudi Arabian businesses of Dalma Energy in 2018, and the establishment of Turan Drilling & Engineering, the group’s new joint venture in Azerbaijan.”
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