OILEX has appointed Jonathan Salomon, also known as Joe, as its new managing director following the resignation of Ron Miller from the role.
Appointed as an independent non-executive director in November 2015, Mr Salomon has over 30 years of experience in the oil and gas exploration and production business in both conventional and unconventional projects and brings specific Indian business and oil and gas expertise to the company.
He has experience in company management, consulting and advising, exploration and production project management, business development, new venture identification, acquisition, and strategy and risk management in both small and large companies.
He was most recently general manager for Murphy Oil, first in Australia and then in Vietnam, where his team was successful in securing significant value additions to the company’s exploration and production portfolio and in managing high value work programs.
Previous roles include head of geoscience for RISC Advisory, chief executive of Norwest Energy, and executive director roles for a number of companies listed on the Australian Securities Exchange.
Mr Salomon spent his formative years working for Ampolex Limited and Mobil (following Mobil’s takeover) and British oil and gas exploration and production company Lasmo.
He said he was excited to take on the new role, saying Oilex’s Indian projects had the potential to transform the company.
“Our Cambay project, for example, has the potential to provide a significant contribution to the development of India’s domestic onshore gas industry through the application of up to date tight gas drilling and development technologies,” he said.
Oilex chairman Max Cozijn welcomed Mr Salomon’s appointment, while thanking Mr Miller for his contribution to the company.
“Joe’s recent background in managing international exploration and production projects and his track record of providing strong management oversight as well as successfully securing new business opportunities is an ideal skill set for Oilex,” he said.
“Joe’s key focus will be to seek resolution of the issues facing Oilex and to secure value from our existing assets.”