Neptune Energy has on Jan. 23 appointed Kaveh Pourteymour as CIO, based in London. He will take up the new role in the first half of 2019.
Pourteymour is currently vice president and CIO of Seadrill Management. Prior to joining Seadrill, he held CIO roles with BP’s Global Refining and International Businesses and with BOC Edwards. He has also held roles with KPMG and Oracle.
Pourteymour holds a degree in Computer Science from Manchester University and also a degree in IT Strategic Planning from Warwick University, where he also served as a research fellow for a number of years. Since 2008 has he held the position of adjunct professor at the business school of Imperial College London.
“I’m delighted to welcome Kaveh to Neptune during such an important period of growth,” Jim House, CEO of Neptune Energy, said. “With new projects coming online and the business developing across the portfolio, Kaveh will help create competitive advantage through the application of technology.”
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
A big crowd turned out for an afternoon honoring industry leaders representing all facets of the energy sector.
Sustained lower oil prices may lead to Permian consolidation, the return of tough times to other shale plays and U.S. E&Ps helping rebalance global inventories.