Botten Privileged To Have Led Oil Search For 25 Years
In his remarks following the announcement of his successor in the role of managing director of one of the country’s largest local oil and gas developers, Peter Botten reflected on the past 25 years in the role having summed up the experience as a privilege.
Set to officially retire on August 25, 2020, the individual many associated as the face of the company will begin relinquishing his role with Dr Keiran Wulff succeeding on February 25, 2020, after Mr Botten steps down from the Oil Search board.
“It has been a tremendous privilege to lead Oil Search for the past 25 years. Over that time the company has grown from a small exploration player, with a market capitalisation of around A$200 million, to a regionally significant operator, with world class producing assets in PNG and outstanding development opportunities in both PNG and Alaska,” he said.
“We have expanded from a dozen staff to approximately 1700 employees, we operate all PNG’s oil fields and now also a major oil development in Alaska. “Oil Search has played a pivotal role in expanding oil production in PNG and in developing the world class PNG LNG Project. “We have also built a portfolio of outstanding growth projects, that are now maturing to development decisions.”
He expressed pride in his workers who he said are committed individuals that have delivered shareholder value and contributed so much to the social and economic development of PNG.
“I believe Oil Search is a leader in the resources sector in promoting the importance of partnerships with governments, communities, and other stakeholders to drive socially responsible developments, leveraging our respective strengths and building capacity in government and communities for positive social change,” Mr Botten said.
“I am committed to ensuring a smooth and progressive transition of duties to Keiran and helping guide Oil Search as it moves into FEED and towards a final investment decision on the key expansion projects in PNG and Alaska.
“I am also delighted that my association with Oil Search will continue with my roles as chairman of the Oil Search Foundation, chair of the Hela Provincial Health Authority and as a member of the Australian PNG Business Council Executive committee.”