Houston-based oilfield technology firm Prosep announced Tuesday that it has appointed Patrick McCarthy as its new CEO. Neil Poxon, the firm's former CEO, will remain with Prosep to oversee the transition until the end of this year.
Prosep said that McCarthy has 40 years' experience in oilfield services, which have seen him serve at board-level for more than a decade, and as a senior officer for over 20 years at a number of international service companies.
The appointment of McCarthy is part of a restructuring that will see the oil, gas and produced water treatment firm renew its focus on its proprietary ProPure mixer technologies – which is used by Pemex, Statoil and Saudi Aramco to reduce chemical consumption and boost hydrocarbon recovery.
McCarthy commented in a company statement:
"The oil and gas landscape is growing more volatile and it's crucial that we address these challenges in a proactive way, and adapt our operations to serve the changing needs of the industry. It's been a privilege to work with Neil for the last 12 months and this reorganization means we can refocus our efforts and ensure that we are positioned to support our clients by providing innovative solutions to optimize operations.
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