GENL Genel Energy Plc

 
 Genel Energy PLC (GENL) 
Genel Energy PLC: Changes to Organisational Structure 
 
06-Jun-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                      6 June 2019 
 
           Genel Energy plc 
 
           Changes to Organisational Structure 
 
      Genel Energy plc ('Genel' or 'the Company') is pleased to announce the 
   appointment of Mike Adams as Technical Director, and PDMR, with immediate 
                      effect. 
 
      The appointment follows a repositioning of the role of Chief Operating 
           Officer ('COO'), which is now split into 'pre-production' and 'on 
  production' business lines. Reporting to the Chief Executive Officer, Mike 
     is responsible for all pre-production activities including exploration, 
                      appraisal, and new asset acquisitions. 
 
       Mike has 28 years of experience in the oil and gas industry in a wide 
 variety of exploration, exploitation and global business development roles. 
    Prior to joining Genel in 2012, Mike worked in a series of technical and 
leadership positions for companies including British Gas, Amerada Hess, Gulf 
                      Keystone Petroleum, and Sterling Energy. 
 
   Genel expects to appoint a new COO in due course, who will be responsible 
          for the performance of operated and non-operated producing assets. 
 
Mike has joined Genel's Executive Committee, along with Vrijesh Kumar ('VK') 
    Gupta, who has been appointed Head of HSE and Risk Management. VK joined 
   Genel in 2014 as Head of HSSE. There has not been a lost time incident at 
 Genel/TTOPCO operations since 2015, constituting over eight million working 
    hours, and Genel hit its target of zero losses of primary containment in 
       2018. TTOPCO has also achieved a five star grading from the Five Star 
    Occupational Health and Safety Audit, which was conducted by the British 
                      Safety Council. 
 
 VK has 30 years of experience in oil and gas industry. Immediately prior to 
     joining Genel, he was Vice President for HSSE for BG Group, UK, and has 
                      worked with ONGC and Enron Oil & Gas. 
 
                      Bill Higgs, Chief Executive of Genel, said: 
 
 "As Genel's operations expand we are growing capability across the Company. 
   Work is beginning at both Sarta and Qara Dagh, which Mike was integral in 
  bringing into the portfolio, and he and his team will work with Chevron to 
    optimise the development of these assets. He will also drive our ongoing 
 work to strengthen the Company through value-enhancing acquisitions. VK has 
 done a great job in leading the development of our safety culture at Genel, 
           and will continue to ensure that our focus remains on world-class 
                      performance. 
 
 I am pleased to have them both join our Executive Committee, bringing their 
              years of industry experience as we progress our growth plans." 
 
           -ends- 
 
                      For further information, please contact: 
 
Genel Energy                          +44 20 7659 5100 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   +44 20 7390 0230 
 
Patrick d'Ancona 
 
                      Notes to editors: 
 
       Genel Energy is an independent oil and gas exploration and production 
  company listed on the main market of the London Stock Exchange (LSE: GENL, 
    LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and 
offices in Ankara and Erbil, is one of the largest London-listed independent 
   oil producers, and is the largest holder of reserves and resources in the 
   Kurdistan Region of Iraq. Genel has highly cash-generative oil production 
    from the Taq Taq and Tawke licences, with material growth potential from 
other assets in the portfolio. Genel also continues to pursue further growth 
 opportunities. For further information, please refer to www.genelenergy.com 
                      [1]. 
 
ISIN:          JE00B55Q3P39 
Category Code: MSCM 
TIDM:          GENL 
LEI Code:      549300IVCJDWC3LR8F94 
Sequence No.:  9213 
EQS News ID:   820173 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=820173&site_id=vwd_london&application_name=news 
 

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