Bahamas Petroleum adds former BP Trinidad chief to board as Saffron well spud date approaches13 May 2021 08:54
Bahamas Petroleum adds former BP Trinidad chief to board as Saffron well spud date approaches
Bahamas Petroleum Company PLC (LON:BPC) - soon to be renamed as Challenger Energy Group – has appointed to the board BP’s former country manager for Trinidad.
Robert Riley is to join the company as a non-executive director.
The appointment of Riley comes as the company is putting its focus on production-led growth, primarily in Trinidad. He brings significant in-country experience as he was previously BP’s chief executive and chairman for Trinidad.
“We are focussed on resetting the Company and positioning it for future value growth, consistent with a simple strategy: increasing production and generating cashflow,” said BPC chair Bill Schrader. “Robert brings a wealth of industry, legal and commercial experience, and specifically in regards to the oil and gas sector in Trinidad and Tobago.”
READ: BPC to reset and rebrand as Challenger Energy
“We expect that Robert, together with Stephen Bizzell who as previously advised will also be joining the board subject to completion of normal onboarding processes, will be able to make immediate and extremely valuable contributions to the effectiveness of our operations going forward.”
The company also this morning highlighted that preparations for the Saffron-2 appraisal and development well in Trinidad continues to “advance at pace”.
Rig mobilisation to the Saffron-2 well site has now been completed, it noted.
The rig is now being assembled and the programme remains on schedule for a May 23 spud-date.
Once underway is it expected that the drill programme will last for 25 to 30 days.
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