Genel Energy said today that a well drilled in the northern part of the Taq Taq field in Kurdistan has struck oil.
The BP boss who famously told reporters he wanted his life back after the Deepwater Horizon catastrophe in the Gulf of Mexico is stepping down as chairman of Kurdistan-focused oil and gas company Genel Energy.
Former BP boss, Tony Hayward, has announced his retirement as director and chairman of Genel Energy.
Former BP boss Tony Hayward is in talks with investors to launch a new fund aimed at buying up distressed oil and gas assets.
Genel Energy has downgraded estimated reserves from its assets in Iraq.
Tony Hayward has stepped into Genel Energy’s chairman role after Rodney Chase tendered his resignation. Murat Özgül, previously president of Turkey and KRI, has since been promoted to chief executive and appointed to the board. Hayward said: "Rodney has been a driving force in the establishment of Genel Energy as a respected London-listed company. It has been a great pleasure working with him, and on behalf of the Board and the Company I would like to express my sincere gratitude for his leadership through the IPO and over the past four years, which has helped make Genel the company it is today.
Tony Hayward faced a mini shareholder revolt and a barrage of questions about company ethics at Glencore Xstrata’s AGM yesterday.