Carnarvon Energy has appointed Russell Delroy and William Barker as non-executive directors of the company.
With the appointments of Delroy and Barker, existing managing director and chief executive officer (CEO) Adrian Cook and non-executive director Debra Bekker have retired from the board.
Carnarvon Energy’s chair William Foster and non-executive director Gavin Ryan will remain on the board.
As Cook will step down from the role of CEO, this position will merge with the role of chief operating officer (COO). Carnarvon’s current COO Philip Huizenga will now step into the new CEO role.
“I thank Adrian for his dedicated service to Carnarvon over the last twelve years, and Debra for her contribution to the Carnarvon Board over the last three years, in particular with regard to her close involvement with the Dorado financing arrangements,” Foster said.
“Adrian has been instrumental in Carnarvon’s journey from an onshore explorer and producer in Thailand, to a founding partner in the Dorado field, the largest offshore oil discovery in Australia in the last thirty years.
With the further discovery of the Pavo field in 2022, Carnarvon is in the enviable position of holding an interest in the largest undeveloped oil and condensate resource offshore Australia, as well as the country’s most prospective exploration acreage in the form of the Bedout Sub-basin.”
Foster acknowledged Carnarvon’s plans to progress Dorado.
“We continue to work hard with our joint venture partners, Santos and CPC Corporation, Taiwan, to ensure the Dorado Phase 1 liquids development is FID ready in 2024, and our focus remains firmly on unlocking the significant value that development of Dorado and Pavo will realise for shareholders.”
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