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Tullow Oil appoints Rahul Dhir as CEO
Dhir will take over as the company's chief executive officer and executive director of the group from July 1, 2020
- By ICN Bureau
| April 21, 2020
Rahul Dhir, the former Cairn India chief executive who had secured a USD 600 million funding from Warburg Pincus for his Africa-focused oil firm, was on Tuesday appointed the CEO of Tullow Oil Plc.
In a statement, Tullow said Dhir will take over as the company's chief executive officer and executive director of the group from July 1.
Dhir is credited with helping Cairn India, the firm that gave the country its biggest onland oil discovery, successfully list on bourses. He quit the company in August 2012 to put together a new Africa-focused oil and gas explorer, Delonex Energy.
In June 2013, Delonex announced that it had secured USD 600 million capital from an investor consortium led by private equity firm Warburg Pincus.
Delonex acquired a few exploration blocks in Central and East Africa but Dhir could not replicate the success of Cairn.
It was not clear what will be the fate of Delonex. The company website was down and Dhir could not be reached for comments.
"Rahul brings extensive leadership experience in oil and gas to Tullow. He is currently CEO of Delonex Energy, an Africa-focused oil and gas company that he founded in 2013," Tullow said in the statement. "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, Delonex has achieved material exploration success and discovered substantial oil resources. It has also deliver low-cost drilling and seismic operations along with leading social and environmental performance in sub-Saharan Africa."
"Prior to Delonex, Rahul served as Managing Director and CEO of Cairn India from its IPO in 2006 until 2012," the statement said
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