Dr. Bakheet Saeed Al Katheeri to take the helm at Mubadala Investment Company’s oil and gas subsidiary, Mubadala Petroleum.
Mubadala Petroleum has announced that Dr. Bakheet Al Katheeri (biography) has been appointed as CEO of the international oil and gas exploration and production company, a wholly-owned subsidiary of Mubadala.
Dr. Al Katheeri succeeds Mr. Musabbeh Al Kaabi, who was recently appointed to lead the new Petroleum and Petrochemicals portfolio of Mubadala Investment Company when it begins operations in May.
Dr. Al Katheeri previously held the positions of Chief Growth Officer, responsible for all new business development and mergers and acquisitions activity, and Chief Operating Officer, overseeing both operated and non-operated assets, and the UAE gas supply. He brings more than 18 years of diverse experience in the oil and gas industry to his new role, a company statement said.
Dr. Al Katheeri said: “I am honored to have been entrusted with the leadership of Mubadala Petroleum and overseeing the next phase in the development of the company. Our efforts over the last two years in reducing the company’s cost base and increasing the efficiency of our operations, against a very challenging market environment, have positioned us well to take advantage of this period of more stable prices. We are looking for new opportunities to add to our existing production and the development projects we expect to bring forward in the near future.”
Dr. Al Katheeri holds a B.Sc. in Petroleum Engineering and Applied Mathematics from the University of Tulsa in Oklahoma, and a Master in Environmental Science from UAE University. He also holds an executive MBA from the Higher Colleges of Technology and a Doctorate of Business Administration from the College of Business and Economics, UAE University.
Before joining Mubadala Petroleum, he was managing production and facilities engineering for five operating companies of the Abu Dhabi National Oil Company (ADNOC). In his capacity as a manager of production and facilities engineering for all offshore operators in Abu Dhabi, he managed and coordinated aggregate production of more than one million barrels daily.