Former Coastal Energy CEO becomes MD of AziPac
- Business & Finance
AziPac Ltd., a Seacrest Capital Group backed E&P company, focused on South East Asia and Bay of Bengal, has appointed Frank Inouye as Managing Director, with immediate effect.
Inouye brings over 34 years of industry experience to AziPac and the wider Azimuth and Seacrest Group.
He has worked in Australia, Asia, North Africa, Canada and South America and, according to AziPac, has a proven track record of building and managing asset portfolios in both public and private E&P companies.
During his career Inouye has held many senior management positions including; Executive Chairman, CEO/COO of Coastal Energy (a company he founded in 2004 and led until 2008 which was ultimately sold to Cepsa for $2.2 billion in 2013); CEO of Samudra Energy, a private Indonesian E&P company; Head of Corporate Development for Premier Oil; GM of Premier’s SE Asian operations.
AziPac is a newly established exploration and production company focussed on exploring for oil and gas in the maritime basins offshore the Asia Pacific region and the Bay of Bengal. AziPac is backed by Seacrest Capital Group, the global energy investor. AziPac is headquartered in Singapore.
Frank Inouye commented: “I am delighted to be working with the Azimuth Group and look forward to developing AziPac using the same strategy that has enabled the Company to create a global offshore exploration portfolio in Nambia, Ireland and the North Sea. Azimuth’s unique strategy of utilizing existing state-of-the-art seismic data to drive portfolio development has proven to be very successful in other areas of the world and with their extensive SE Asian seismic database and access to capital, AziPac is in an excellent position to capitalize on a diverse range of opportunities.”