Latin America focused exploration and production firm Pacfic Corp have appointed an “industry veteran” as its new chief executive officer.
Barry Larson is to take up the reins at the helm of the Canadian company, which is headquartered in Bogota, Colombia.
Interim chief executive Jim Latimer will continue in his role until February 20, when Larson will take over.
Larson is a 40 year veteran of the oil and gas industry, with 21 years operating at the international level.
Pacific underwent recapitalization and restructuring last November.
Gabriel de Alba, chairman of Pacific’s board of directors said: “Barry is a proven leader and has tremendous international operating experience with a deep understanding of our E&P assets, which has been enhanced through his active fieldwork on behalf of the Board.
“We look forward to Barry’s leadership as we continue to rebuild Pacific as a competitive low-cost producer and a market leader over the long-term.”
Larson added: “I look forward to advancing Pacific’s strategic priorities and continuing the value creation initiatives underway.
“Pacific has a unique set of assets, a strong opportunity set and a skilled and dedicated workforce.
“While the company will continue to look at ways to maximize the value of certain assets, the core E&P profile of this company is substantial and I look forward to continue working with our operating leaders and the Board to advance the new Pacific for the benefit of all our stakeholders.”
Pacific has operations in various countries, ncluding Colombia, Peru, Guyana and Belize.
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