– ISLE OF MAN, Douglas – Bahamas Petroleum Company PLC (LON: BPC), the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, announced the appointment of Leo Koot to its board as a Non-Executive Director, effective immediately. Mr Koot has also been appointed as a member of the HSE Committee and Audit Committee.
“I would like to extend a very warm welcome to Leo to the Board of BPC. Leo brings a wealth of experience in both the broader industry and specifically with regards to the assets which we have recently acquired through the merger with Columbus. His insight will no doubt prove invaluable as we seek to integrate the combined business and progress the development of our broadened portfolio of assets.” said Board Chairman , Bill Schrader.
This announcement follows the further to the completion of the recent merger with Columbus Energy Resources plc.
About Leo Koot
Mr Koot has over 31 years’ experience in the Energy sector and has a Master’s in Petroleum Engineering and a business accreditation from Harvard Business School. During his extensive career, he has run oil and energy businesses as well as being an active board member, including his current role as Senior Independent Non-Executive Director with Sterling Energy plc.
Leo’s global energy experience includes his role as Managing Partner of MENA Gulf Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA Iraq) and Managing Director of TAQA UK, where he built the organisation from a few people to an organisation of over 2,000 staff and contractors and delivered a mature E&P operating company that managed 60,000 barrels/day production with US$1.7 billion in annual revenues. Prior to TAQA, Leo was CEO of Energy Development Partners, an oil and gas business creating ways to match capital and resources with developing production.
About
Bahamas Petroleum Company PLC is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located offshore in the waters of The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and Suriname. BPC is currently on-track for drilling an initial exploration well in The Bahamas, Perseverance #1, in late 2020 / early 2021, with the well targeting recoverable P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. In Trinidad and Tobago, BPC has five producing fields, two appraisal/development projects and a prospective exploration portfolio in the South West Peninsula. BPC’s exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equivalent. In Suriname, BPC has an onshore appraisal/development project.
For more information: https://www.bpcplc.com/
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