Rex Gaisford
Dr Rex Gaisford is a former director and executive VP of American independent oil company Hess Oil, where he initiated, planned and ran major multi-billion dollar development & production operations for Hess and partner oil majors world-wide, including in Denmark, Norway and Brazil. He also ran the first FPSO project in the UK continental shelf.
During the last 7 years he has been active in the carbon capture and storage business associated with enhanced oil recovery (CO2-EOR).
He initiated founded and chaired the CRINE initiative in 1991 which resulted in a reduction in development costs across UKCS by around 40% in the first year alone.
Cost Reduction in This Era
Friday, June 5, 2015