Trinidad and Tobago's state-owned oil company Heritage Petroleum has hired a 25-year veteran of U.S. oil and gas producer ConocoPhillips CEO, the company's chairman told Reuters on May 22.
Erik Keskula was last president of Conoco's Malaysia unit until last year and earlier worked at its North Slope oil operations in Alaska, according to his LinkedIn profile.
Arlene Chow, Heritage's current CEO, will retire effective June 13, the company said on Monday. Keskula is expected to take over on that date, according to three people familiar with the matter.
The company's Chairman Michael Quamina confirmed the designation and said the company was pleased to have him.
Heritage Petroleum last year produced 13 million bbl of Molo crude from onshore and offshore properties. Most of the crude was exported to refineries on the U.S. Gulf Coast.
Recommended Reading
Hess’ Guyana Assets Set to Dethrone Bakken Around 2025
2023-04-28 - Hess Corp.’s new assets offshore Guyana are on track to dethrone its Bakken shale assets around 2025 to become the New York-based company’s top North American producing asset.
E&P Highlights: April 24, 2023
2023-04-24 - Here’s a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry.
Southwestern Energy Plans Oil, NGL Growth as Gas Prices Slump
2023-04-05 - With U.S. natural gas prices down more than 50% from last year, Southwestern Energy is pivoting capital to its liquids-rich footprint in Appalachia.
Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns
2023-05-09 - Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
ConocoPhillips’ Stratagem: Permian, Bakken, Eagle Ford Dominance
2023-05-23 - ConocoPhillips is not just the largest unconventional producer, but its Midland, Delaware, Eagle Ford and Bakken positions average $32 WTI breakevens, the company’s Lower 48 chief said at Hart Energy’s SUPER DUG conference.