The
Company is pleased to announce the appointment of Juliano Magalhães
Macedo, PhD as president of our wholly owned subsidiary, RMC
Exploração Petrolifera Ltda., in Brazil. Dr. Macedo holds a PhD in
Structural Geology and Tectonics, University of Illinois, USA and
both a M.Sc. Structural Geology and a B.Sc. Engineering Geology,
Escola de Minas, UFOP, Brazil.
Before starting his own consulting company Dr. Macedo worked 18
years for Petrobrás, from 1982 to 2000. In 1997, while still with
Petrobrás, his main responsibilities were to develop new joint
ventures with foreign companies, onshore and in the deep-water
region of Santos and Potiguar basins, and he achieved the proposed
results in both basins. Recently he has assisted several companies
to identify potential prospects and to coordinate the execution of
the exploratory program in a total of 55 blocks in Potiguar and
Sergipe-Alagoas Basins. From the work of his group, resulted a few
partnerships with other companies and discoveries in the Potiguar
Basin.
Dr
Macedo has also been responsible for the development of integrated
petroleum system projects in Brazilian basins in a multi-client
mode and in Mexican basins in a proprietary mode. The main projects
included oil and source rock studies, onshore and offshore surface
geochemistry, reservoir geochemistry, basin analysis, petroleum
systems quantitative modeling, and exploration block assessment.
Dr. Macedo has also been responsible for identifying, selecting and
developing projects alone or in partnerships in Venezuela, Ecuador,
Columbia, Libya and the country of Angola. Dr. Macedo has extensive
international experience.
"We
welcome Juliano as the president of our Brazilian subsidiary.
Juliano's wide-ranging industry experience, in particular in the
field of identifying potential projects and coordinating their
exploration, will prove valuable toward our goal of rapid growth in
Brazil," commented Bernard Chamberland, Chairman and CEO.
