Tullow Oil PLC Appointment of Rahul Dhir as CEO (2660K)
April 21 2020 - 1:00AM
UK Regulatory
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RNS Number : 2660K
Tullow Oil PLC
21 April 2020
News Release
Appointment of Rahul Dhir as CEO of Tullow Oil plc
21 April 2020 - Tullow Oil plc (Tullow) is pleased to announce
the appointment of Rahul Dhir as Chief Executive Officer and an
Executive Director of the Group. Rahul will take up his appointment
from 1 July 2020 and Dorothy Thompson, currently Executive Chair of
Tullow, will return to her position as Non-Executive Chair after a
limited period of handover.
Rahul brings extensive leadership experience in oil and gas to
Tullow. He is currently CEO of Delonex Energy, an Africa-focused
oil and gas company that he founded in 2013. Under his leadership,
Delonex has delivered low-cost drilling and seismic operations
along with leading social and environmental performance in
sub-Saharan Africa. In Chad, the company has achieved material
exploration success and discovered substantial oil resources.
Delonex has also delivered exploration campaigns in Ethiopia and
Kenya where Delonex operates Block 12A with Tullow as a
non-operating partner.
Prior to establishing Delonex, Rahul served as Managing Director
and CEO of Cairn India from its IPO in 2006 until 2012. During
Rahul's tenure, Cairn India delivered operated production of over
200,000 barrels of oil per day with operating costs of less than $5
per barrel of oil. Cairn India also successfully delivered over $5
billion of development projects including the world's longest
heated pipeline at a finding and development cost of less than $5
per barrel of oil.
Rahul started his career as a Petroleum Engineer, before moving
into investment banking where he led teams at Morgan Stanley and
Merrill Lynch, advising major oil & gas companies on merger and
acquisition and capital market related issues. Rahul is a UK
citizen and was educated at the Indian Institute of Technology
(BTech), the University of Texas (MSc) and the Wharton School
(MBA).
Dorothy Thompson, Executive Chair of Tullow Oil Plc, commented
today:
"I am delighted to welcome Rahul to Tullow and am very pleased
that he has accepted the position of CEO. His oil & gas,
financial and African experience combined with his record of strong
leadership made him the stand-out candidate for the Board. I look
forward to Rahul joining Tullow in July and working with him
closely in the coming years."
Rahul Dhir, Chief Executive Officer-designate of Tullow Oil plc,
also commented today:
"I am very excited at the opportunity to lead Tullow and
re-establish it as an iconic company in our industry. The company
has high-quality assets and great people. It also has a unique
position in Africa, built on a proven track record of responsible
operations, strong relationships and a commitment to
sustainability. I am looking forward to working with the team and
the Board to re-build an exceptional business."
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is being
released on behalf of Tullow by Adam Holland, Company
Secretary.
FOR FURTHER INFORMATION CONTACT:
Tullow Oil Murray Consultants
plc (Dublin)
(London) (+353 1 498
(+44 20 3249 0300)
9000) Pat Walsh
Chris Perry Joe Heron
George Cazenove
Nicola Rogers
Notes to Editors
Tullow Oil plc
Tullow is a leading independent oil & gas, exploration and
production group, quoted on the London, Irish and Ghanaian stock
exchanges (symbol: TLW). The Group has interests in over 70
exploration and production licences across 15 countries.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc LinkedIn: www.linkedin.com/company/Tullow-Oil
Website: www.tullowoil.com
Directors' declarations pursuant to Rule 9.6.13R of the Listing
Rules
There are no disclosures required under Rule 9.6.13R of the
Listing Rules of the UKLA and 6.6.7 of the Listing Rules of the
Irish Stock Exchange in respect of the appointment of Rahul
Dhir.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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