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Genel Energy appoints Mike Adams to newly created technical director role

"As Genel's operations expand we are growing capability across the company,” said Bill Higgs, Genel chief executive.

oil and gas operations
Adams will be responsible for Genel's pre-production activities

Genel Energy PLC (LON:GENL) has announced the appointment of Mike Adams as technical director with immediate effect as the company concurrently redefines the scope of its chief operating officer (COO) role.

A process to hire a new COO is presently underway and the company has decided that the role’s responsibilities will now be split. The 'pre-production' and 'on production' business lines will now be separated.

WATCH: 'We are like North American shale producers except we make money', says Genel Energy's Bill Higgs

As technical director Mike Adams, who has been with the company since 2012, will be responsible for all pre-production activities including exploration, appraisal, and new asset acquisitions, whereas the new COO will be responsible for the performance of operated and non-operated producing assets.

"As Genel's operations expand we are growing capability across the company,” said Bill Higgs, Genel chief executive.

“Work is beginning at both Sarta and Qara Dagh, which Mike was integral in bringing into the portfolio, and he and his team will work with Chevron to optimise the development of these assets.

“He will also drive our ongoing work to strengthen the company through value-enhancing acquisitions.”

In afternoon trading, shares in Genel Energy were 1.1% higher at 168.80p.

 -- Adds share price --

Quick facts: Genel Energy PLC

Price: 139 GBX

Market: LSE
Market Cap: £385.96 m

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