CHANGE OF GUARD

Tullow Oil appoints Rahul Dhir as new CEO

Rahul will take up his appointment from 1 July 2020

In Summary

• The company said Rahul will take up his appointment from July 1, 2020.

• Rahul started his career as a Petroleum Engineer, before moving into investment banking where he led teams at Morgan Stanley and Merrill Lynch.

Rahul Dhir, the newly appointed Tullow Oil plc Chief Executive Officer and Executive Director of the Group.
Rahul Dhir, the newly appointed Tullow Oil plc Chief Executive Officer and Executive Director of the Group.
Image: COURTESY

Tullow Oil plc has announced the appointment of Rahul Dhir as its new Chief Executive Officer and an Executive Director of the Group.

In a statement released on Tuesday, the company said Rahul will take up his appointment from July 1, 2020.

The current Executive Chair Dorothy Thompson will return to her position as Non-Executive Chair after a limited period of handover.

“I am very excited at the opportunity to lead Tullow and re-establish it as an iconic company in our industry. The company has high-quality assets and great people," Rahul said.

 
 

"It also has a unique position in Africa, built on a proven track record of responsible operations, strong relationships and a commitment to sustainability. I am looking forward to working with the team and the Board to re-build an exceptional business."

Thompson said that she was delighted to welcome Rahul to Tullow and was very pleased that he has accepted the position of CEO.

"His oil and gas, financial and African experience combined with his record of strong leadership made him the stand-out candidate for the Board. I look forward to Rahul joining Tullow in July and working with him closely in the coming years," Thompson said.

Rahul is currently CEO of Delonex Energy, an Africa focused oil and gas company that he founded in 2013.

Under his leadership, Delonex has delivered low-cost drilling and seismic operations along with leading social and environmental performance in sub-Saharan Africa.

In Chad, the company has achieved material exploration success and discovered substantial oil resources.

Delonex has also delivered exploration campaigns in Ethiopia and Kenya where Delonex operates Block 12A with Tullow as a nonoperating partner. 

Prior to establishing Delonex, Rahul served as Managing Director and CEO of Cairn India from its IPO in 2006 until 2012.

During Rahul’s tenure, Cairn India delivered operated production of over 200,000 barrels of oil per day with operating costs of less than Sh500 per barrel of oil.

Cairn India also successfully delivered over $5 billion of development projects including the world’s longest heated pipeline at a finding and development cost of less than Sh500 per barrel of oil.

Rahul started his career as a Petroleum Engineer, before moving into investment banking where he led teams at Morgan Stanley and Merrill Lynch, advising major oil and gas companies on merger and acquisition and capital market-related issues.

Rahul is a UK citizen and was educated at the Indian Institute of Technology (BTech), the University ofTexas (MSc) and the Wharton School (MBA).


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