Dana Gas hires Egypt boss as chief

Cooking gas distributors in Egypt protest price hike10 July 2013, News Wires – UAE-based Dana Gas has named Egypt general manager and former Shell executive Patrick Allman-Ward as its new group chief executive.

Sharjah-based, Abu Dhabi-listed Dana Gas said that it had appointed Allman-Ward after  an “extensive executive search process”.

Allman-Ward vowed to “work with the board and the management team to continue developing our assets, lead the expansion into new areas, reduce our receivables position and above all achieve maximum value for our investors”.

The explorer reshuffled its top management late last year after it failed to make full payment on a $1 billion Islamic bond or sukuk.

Dana Gas failed to meet payment on maturity of the bond due to what the company said at the time were “short-term liquidity issues”.

Allman-Ward took over as Egypt general manager in August 2012 according to his professional profile on LinkedIn.

He has been at the helm for a trio of discoveries by Dana Gas in Egypt’s Nile Delta during 2012 and a further find earlier this month.

Allman-Ward is to take over as chief executive on 1 September and will remain Egypt boss until a replacement is hired.

The Englishman, a geologist by trade, spent 30 years with Shell up to February 2012, culminating in several senior management positions including vice presidency posts for exploration in Asia-Pacific and upstream new business development in Saudi Arabia.

– Upstream.

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