Rex International Holding has announced the appointment of oil veteran Svein Kjellesvik as its new Chief Operating Officer.
Kjellesvik is a geophysicist with four decades of experience in the oil industry.
He has held leading positions in Schlumberger's seismic division and corporate headquarters since the 1970s to 2002.
He has also been the President of their Global Marine Seismic Division.
Kjellesvik has played leading roles in key innovations in the seismic industry which includes multi-cable 3D seismic, 4 component seismic, and seismic 4D.
Since retiring from Schlumberger, Kjellesvik has been an independent entrepreneur and he has been involved in the start-up of Rex Middle East -- formerly known as Rex Oil & Gas -- and Lime Petroleum Plc, which are currently a wholly-owned subsidiary and an indirect 65% owned jointly- controlled entity of the Company respectively.
He holds a controlling interest of 20% in Rex Partners, whose wholly-owned subsidiary Rex Commercial Ltd. is a majority shareholder of Rex International Holding.
Mans Lidgren, Chief Executive Officer of Rex International Holding, says, “Despite the challenging macro-economic conditions, we remain confident about our Rex Virtual Drilling technology and the potential in our assets. Together with Svein, the Rex management team is pressing on to reduce the risks of our exploration prospects with the aim to better our results in future drilling programmes.”
Shares of Rex closed 2.9% lower at 9.9 cents on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Kjellesvik is a geophysicist with four decades of experience in the oil industry.
He has held leading positions in Schlumberger's seismic division and corporate headquarters since the 1970s to 2002.
He has also been the President of their Global Marine Seismic Division.
Kjellesvik has played leading roles in key innovations in the seismic industry which includes multi-cable 3D seismic, 4 component seismic, and seismic 4D.
Since retiring from Schlumberger, Kjellesvik has been an independent entrepreneur and he has been involved in the start-up of Rex Middle East -- formerly known as Rex Oil & Gas -- and Lime Petroleum Plc, which are currently a wholly-owned subsidiary and an indirect 65% owned jointly- controlled entity of the Company respectively.
He holds a controlling interest of 20% in Rex Partners, whose wholly-owned subsidiary Rex Commercial Ltd. is a majority shareholder of Rex International Holding.
Mans Lidgren, Chief Executive Officer of Rex International Holding, says, “Despite the challenging macro-economic conditions, we remain confident about our Rex Virtual Drilling technology and the potential in our assets. Together with Svein, the Rex management team is pressing on to reduce the risks of our exploration prospects with the aim to better our results in future drilling programmes.”
Shares of Rex closed 2.9% lower at 9.9 cents on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment