RAK Petroleum names new CEO
Posted: 02 July 2007
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Peter Sadler takes over as the Chief Executive Officer of RAK Petroleum. Sadler was formerly CEO of Indago Petroleum, the majority assets of which RAK Petroleum acquired in March this year.
He replaced Philip Turberville, a native of Scotland , who was just appointed last year. Sadler started his career with Schlumberger in 1978 after graduating in Physics from the University of Oxford . He later earned his MSc in Petroleum Engineering from the Imperial College of London and joined Unocal as a petroleum engineer in 1982.
After steadily progressing through staff and engineering consultancy roles with companies such as Texas Eastern, Exxon, Fletcher Challenge, Agip and Shell, Sadler rose to the position of Head of Engineering in 1996 at Novus Petroleum Limited.
His first assignment in the Middle East came as Regional Manager for Novus in 2000. He relocated to Dubai to look after the company’s portfolio in the UAE, Oman , Pakistan , Egypt and Qatar . It was this portfolio that formed the core of the Indago Petroleum in 2005 and Sadler was appointed CEO of the new company.
“I’m extremely delighted to take up this new position as the Gulf region continues to be the main supplier of energy to the rest of the world,” Sadler said. “RAK Petroleum has recently enlivened the oil and gas markets with major acquisitions and set ambitious growth targets that are exciting for any industry professional.”
RAK Petroleum has a 10% equity stake in Anzon Energy Limited, a UK-listed company and has also agreed to acquire all of the issued and to be issued share capital of Gulf Keystone. |
