Latin American oil and fuel agency GeoPark Restricted has appointed Felipe Bayon as its new CEO and director, efficient June 1.
Bayon succeeds Andres Ocampo, who’s stepping down from the position on account of private causes, the corporate stated in a information launch.
Bayon is acknowledged as some of the efficient power executives in Latin America with greater than three many years of accomplishments within the worldwide oil and fuel trade, GeoPark stated.
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From 2017 to 2023, Bayon was CEO of Bogota, Colombia-based Ecopetrol, the place he led 18,000 staff, oversaw manufacturing of roughly 700,000 barrels of oil equal per day (boepd) and revenues of over $30 billion. He introduced Ecopetrol into the unconventional Permian Basin within the USA in partnership with Occidental Petroleum—a mission that grew from 0 to round 150,000 barrels per day (bpd) gross in 4 years, in addition to into the Brazilian ultra-deep water pre-salt play in partnership with Shell, in line with the discharge.
Bayon is a mechanical engineer who started his profession in 1991 with Shell in area operations and initiatives after which moved to BP plc the place he labored for 21 years. He additionally served because the CEO of Pan American Vitality, one of many personal hydrocarbon producers in Argentina, from 2005 to 2010. He has served on a number of boards throughout the power, utilities, training, and know-how sectors, GeoPark stated.
Ocampo, who served as the corporate’s CEO for 3 years and CFO for greater than eight years, will proceed to assist the corporate and guarantee a seamless handover, GeoPark stated.
Sylvia Escovar, Chair of GeoPark’s board stated, “The board may be very happy to welcome Felipe Bayon to GeoPark. We consider he might be a catalyst to unlock the ample alternatives in our area and drive us to transformational progress. Felipe is a real explorer, operator, and consolidator — according to GeoPark’s founding imaginative and prescient — and is dedicated to taking us ahead to attain our long-term strategic objectives and make GeoPark into a bigger, stronger, and extra profitable Firm. As he has carried out persistently in his profession, we’re assured Felipe will ship distinctive worth to our shareholders, staff, communities, and stakeholders”.
“Felipe brings deep, first-hand data and expertise of the belongings, basins, markets, and gamers that form our enterprise throughout the areas the place we function, setting the stage for a easy and swift transition. Most significantly, Felipe has the character, coronary heart, and power that may strengthen and improve GeoPark’s distinctive tradition of belief, respect, and teamwork throughout the group — a key driver of our previous success and our future promise,” Escovar added.
Bayón stated, “I’m excited and honored to hitch the GeoPark staff and to have the chance to guide its long-term dedication to additional increase its scale, capabilities, bottom-line outcomes, and work to create the mannequin for a profitable worldwide impartial power firm of the longer term. There are vital alternatives, the assist is robust, and the staff is able to run”.
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