Cairn India Appoints Global Oil and Gas Leaders
Melody Meyer and Atul Gupta, With a Combined Experience of 70 Years, Will Play a Definitive Role in Realizing the Company's Growth Plan of Contributing to 50 Per Cent of India's Crude Oil and Gas Production
GURGAON, India, March 6,2017 /PRNewswire/ --Cairn India, the nation's largest private sector oil and gas exploration and production (E&P) company, currently accounting for almost 30 per cent of India's crude oil production, has appointed senior oil & gas advisors, Melody Meyer and Atul Gupta. These senior leaders bring on board more than 70 years of combined experience across oil & gas conglomerates such as Chevron, Petrofina and Burren Energy, across geographies as diverse as Middle East, Central Asia and Alaska. They will provide strategic direction and delivery focus to Cairn India, as the company embarks upon its growth journey of contributing to 50% of India's overall crude production, through 5 billion barrels of oil equivalent reserves and growing and sustaining production at 300,000 barrels of oil and oil equivalent per day.
Speaking on these appointments, Mr Sudhir Mathur, Acting CEO, Cairn India says:
"It gives us immense pride to have Ms. Melody Meyer and Mr. Atul Gupta with us. With their unique blend of extensive oil and gas experience, leadership and business acumen, we are confident that they will together play a stellar role in further increasing the operational efficiency and growth of our business. They will prove to be the twin pillars on which Cairn India's forward vision will be founded."
Ms. Melody Meyer brings 37 years of rich experience with Chevron Corporation – one of the world's largest integrated oil companies. In her last role as President, Asia-Pacific, she was responsible for driving Chevron's E&P activities across nine countries in the region. She has extensive leadership expertise in global upstream operations, strategic business planning, major capital projects execution, capital allocation and delivering superior financial results. In her earlier roles at Chevron, Melody has held leadership responsibilities as President of Energy Technology, Vice President of the Gulf of Mexico SBU, Vice-President U.S. Mid-Continent and Alaska SBU. An American citizen, Melody graduated from Trinity University in 1979 with a BS degree in Mechanical Engineering and attended Dartmouth Tuck Executive Education program in 1997. As an advocate for 'women in energy', she was also the Executive Sponsor of the Chevron Women's Network and formed Women with Energy LLC. Melody is currently also on the Boards of Trustees of Trinity University and National Bureau of Asian Research. In 2009, Melody was recognized as a Trinity Distinguished Alumni, with BioHouston Women in Science and the ASME Rhoades Petroleum Industry Leadership Awards.
On her appointment Melody says, "I am very excited to be an executive advisor to Cairn. This will be my first experience in India, one of the world's most rapidly developing energy markets. I am looking forward to add value to the company's integrated E&P plans and capabilities and contribute to selecting the right partners for smooth project execution that will be key to the company's future growth."
A sector professional with more than 36 years of rich and varied global experience, Mr. Atul Gupta currently advises private equity firms and sits on the Boards of a number of upstream oil and gas companies including Nostrum (Kazakhstan), Seven Energy (Nigeria) and Vetra Energy (Colombia). Earlier, he was Chairman and CEO of oil and gas companies with BSG Resources – a natural resource and power company. Prior to that, Atul served as CEO of Burren Energy Plc. Prior to that for over two decades, he worked in numerous leadership roles with the international upstream oil and gas businesses – successively with Charterhouse Petroleum, Petrofina, Monument and Burren Energy. He was also the Managing Director of Hindustan Oil Exploration Co. Ltd., of HOEC Bardahl India Ltd. from August 2006 to August 2008. A British citizen, Atul holds a Bachelor's degree in Chemical Engineering from Cambridge University and a Master's degree in Petroleum Engineering from the Heriot-Wat University.
Says Atul, "I am delighted to join Cairn at a time when the company is all set to play an important role in India's mission towards energy security and sustainability. Further, ramping up the overall crude and natural gas production at reduced costs will be an important step in this direction. In both of these aspects, Cairn has a strong legacy of excellence and I am hopeful of furthering the legacy."
The following release was issued today by Vedanta Ltd subsidiary Cairn India Limited.
| About Cairn India |
Cairn India is one of the largest independent oil and gas exploration and production companies in India. It is headquartered in Gurgaon in the National Capital Region. A subsidiary of Vedanta Limited; part of the Vedanta Group, a globally diversified natural resources group, Cairn India has operational offices in Andhra Pradesh, Gujarat, Rajasthan and Tamil Nadu. The Company has a world-class resource base, with interest in seven blocks in India and one in South Africa. Cairn India's focus on India has resulted in a significant number of oil and gas discoveries. Cairn India made a major oil discovery (Mangala) in Rajasthan in the north west of India at the beginning of 2004. To date, thirty eight discoveries have been made in the Rajasthan block RJ-ON-90/1. Together with its JV partners, Cairn India accounted for ~27% of India's domestic crude oil production for FY16.
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About Vedanta Limited (Formerly SesaSterlite Ltd.)
Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia, Ireland, Liberia and Sri Lanka.
Vedanta Limited, formerly SesaSterlite Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please log on to www.vedantalimited.com
Vedanta Limited
(Formerly known as SesaSterlite Limited)
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400 099
www.vedantalimited.com
Registered Office:
Vedanta Limited 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala,
Andheri (East), Mumbai 400093, Maharashtra, India.
CIN: L13209GA1965PLC000044
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