Dr. Marcus T Richards
After three very successful years leading Dana Petroleum plc., Marcus Richards stepped down as Group Chief Executive at the end of 2013. Marcus joined the company following its takeover by the Korea National Oil Corporation in late 2010, transforming it from an investor-led business into a fully-fledged exploration, development and production company. Dana now operates in Europe, Africa and the Middle East. The growth strategy launched in 2011 led to exploration and appraisal successes in the UK, Netherlands and Egypt, creating opportunities for future developments. Production grew to 55,000 barrels per day, and Dana shifted its focus from a largely non-operated portfolio towards more operated positions. Dana’s $1.6 billion Western Isles development project approved by the UK Government in late 2012 will provide an additional 40,000 barrels of daily production when it comes on stream in 2015.
Prior to joining Dana, Marcus spent much of his early career with BP. Over a period of 27 years he held a number of business leadership, functional and technical roles within Exploration & Production and BP Group culminating in the role of Senior Vice President corporate headquarters in London. The role covered Upstream E&P and Downstream Refining businesses. Prior to this appointment he held the position of Director and Business Unit Leader, BP Exploration Operating Company Limited for BPs North Sea businesses dealing with the UK, Norway and the Netherlands. His experience includes managing large-scale multi-disciplinary and international teams in operational, major project, research & development arenas. He is a founding shareholder and advisor to Tier One Capital Ltd, Independent Wealth Management and advisory to the financial sector. He holds a BSc (Hons) and PhD, and is an alumnus of Harvard University.
Performance Excellence
Thursday, June 12, 2014