Aker Appoints Ex-Petrobras E&P Director

Aker Solutions announced Thursday that it has appointed ex-Petrobras exploration and production director Jose Formigli to its innovation board and as an adviser for overall strategic decisions.

Formigli began working for Petrobras in 1983 and was appointed director of E&P in 2012, before stepping down from the position earlier this year. While supervising all domestic E&P activity for the company, Formigli oversaw a five percent increase in output, an annual reserve replacement of more than 100 percent and a gain in operational efficiency of more than ten percent. As a member of the Aker innovation board, Formigli will advise on the company's strategic direction for its research and investments.

Commenting on the company’s new appointment, Aker Solutions Chief Executive Officer Luis Araujo said in a company statement:

"Jose is extremely capable and knowledgeable and will provide invaluable advice in guiding our technological and strategic direction. We are delighted to have him join our team. His input as a former operator and strong track record in the offshore and deepwater market will be of immense value."



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