Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce and a senior management appointment in Egypt.
Circle is pleased to announce the appointment of Mr. Tarek Elbarkatawy as General Manager for Circle Oil Egypt Ltd. Tarek holds a BSc. in Petroleum Engineering from Cairo University and a Management and Business Administration diploma from the Cambridge International College, UK. He has approximately 24 years of diversified Oil and Gas experience in both E&P and Service Companies, starting his career as a petroleum engineer in Suez Oil Company, a joint venture between Shell and the Egyptian General Petroleum Corporation (EGPC).
From 1999 until taking up his position with Circle Oil Egypt Ltd., Tarek has held several senior management positions with Weatherford International including Region General Manager in North Africa and Vice President in the Middle East during which he led multiple drilling and production projects. He has also been a chairman and board member of three joint ventures between Weatherford and Algeria?s state owned energy company Sonatrach, a board member of the International Algerian Petroleum Institute and is a member of the Society of Petroleum Engineers.
Tarek will be based in Cairo and will manage Circle's Egyptian operations and liaise with its partners, Egyptian Government entities and the State energy company, EGPC. Along with other senior Circle staff and our country managers, he will contribute to identifying, evaluating and securing new business opportunities in Circle's geographic areas of interest.
Circle, through its wholly owned subsidiary, Circle Oil Egypt Ltd., holds a 40% interest in the NW Gemsa Concession, with the remaining interests being held by Vegas Oil and Gas (Operator) 50% and Sea Dragon Energy 10%.
Prof Chris Green, CEO, said: "I am delighted to be able to report the completion of the construction phase for our new pipeline in the Rharb. We must thank all concerned for their conscientious work and professionalism at all stages of the project. Following completion of commissioning of the pipeline Circle and its partner can look forward to significantly increasing gas supplies and associated revenues to local industry through 2012.
In addition to our progress in Morocco, we welcome another seasoned MENA focused professional to Circle as we continue to invest and strengthen our management on the ground in the countries in which we operate. With his extensive experience and knowledge of Middle East and North Africa we look forward to Tarek's contribution to Circle's growth."