SacOil Appoints Two New Vice Presidents

The new appointments are part of the company’s ongoing process to strengthen its core technical and operational team in order to further develop current projects and advance initiatives to secure new value accretive acreage in proven hydrocarbon basins across Africa.

Mr Meyer has 25 years of technical and operational experience in the oil and gas (O&G) industry with PetroSA, the national oil company of South Africa. He held a variety of senior managerial roles, including general manager of E&P, vice president of new business and chief economist.

Mr Fouche has 25+ years experience in the O&G industry primarily as an investor in O&G companies and assets. He developed his operational and technical skills set as a geophysicist at SOEKOR/PetroSA, where he was a project leader and international portfolio manager and was extensively involved in both technical and commercial work, including seismic acquisition and interpretation and the commercial analysis of O&G reservoirs.

Mr Fouche spent time as an investment analyst at Craton Capital and a senior project manager at Industrial Development Corporation, a South African development finance institution.

Robin Vela, CEO of SacOil, said: “We are delighted that Mr Willem and Mr Jordaan have joined SacOil. Both men are well known and regarded in the African O&G industry and have a sound understanding of its commercial aspects. They will contribute extensive technical and operational skills and near term deal flow as we seek to develop our current assets and grow our footprint across Africa.”

Will these hires enhance SacOil’s technical and operational team?

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