Pearl Oriental Oil Appoints Deputy Chairman and Directors

Pearl Oriental Oil disclosed Wednesday that it has appointed Mohamad Ajami as Deputy Chairman and Executive Director and Hilal Al-Busaidi as Executive Director with effect from Jan. 26.

Ajami, 58, started his career in North Africa in the oil and gas sector. He developed his mergers and acquisitions business, specializing in the development of major oil and gas resources, and mineral resources in the Gulf, Africa and the Mediterranean Basin. Ajami was also one of the founding shareholders of Ophir Energy, as well as the driving force behind the development of a major liquefied natural gas (LNG) project in the Arabian Gulf.

As part of his employment package, Ajami will be entitled to a director's fee of $100,000 per annum, as well as share options.

Al-Busaidi, 40, started his career with Schlumberger as a field engineer. In Schlumberger, Al-Busaidi worked in Saudi Arabia, Indonesia, Kuwait and Oman and gained experience in exploration well logging, managing the wireline, testing, tubing conveyed perforating and coiled tubing activities, client support services and operations management. In 2002, Al-Busaidi left Schlumberger to start his own ventures. The companies founded by Al-Busaidi includes: Falcon Oilfield Services, Petroleum Services Company, Gulf Energy and Medco.

As part of his employment package, Al-Busaidi will be entitled to a director's fee of $100,000 per annum, as well as share options.
 

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Lead Training Advisor Mozambique LNG
Expertise: HR - General
Location: The Woodlands, TX
 
Quality Administrator II
Expertise: Secretarial or Administrative
Location: Panama City, FL
 
Data Processing Clerk
Expertise: Document Control
Location: United States of America
 
search for more jobs

Brent Crude Oil : $53.61/BBL 2.09%
Light Crude Oil : $50.33/BBL 1.98%
Natural Gas : $3.26/MMBtu 2.51%
Updated in last 24 hours