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About Us
Management Team
Lawrence H. Payne - CEO
Mr. Payne has over 40 years of senior management experience in the Oil & Gas industry. He completed his Bachelors degree in Economics and Master's degree in Marine Geology from the University of Alberta and Columbia University respectively. In 1964 Mr. Payne launched his career as a Landman with Pan American Petroleum (Amoco) and then as an Exploration Geologist with Kerr-McGee in 1970 where he was directly responsible for an 800 billion cubic feet gas find in Texas. In 1971, Mr. Payne joined Sunningdale Oils where in less than five years progressed from Exploration Manager to President, was very active in the North Sea where the company made several discoveries, and lead the sale of the company to Kerr-McGee.
In 1976, Mr. Payne became founding President of Sceptre Resources and created over 600% growth in two years. Mr. Payne also founded Atlantis Resources which grew from US$250 thousand to over US$85 million. After the sale of Atlantis in 1994, he managed and directed as President several private companies. Mr. Payne joined Ithaca in April 2004 and resides in London.
Steven Turner - Chief Financial Officer
Steven graduated from the University of Wales in 1991 with a BA(Hons) in Banking, Finance and Economics. In 1994 he became an Associate of the Institute of Chartered Accountants. Steven joined Coopers & Lybrand in 1991 and was involved in the defence of Lasmo against hostile takeover by Enterprise. Steven then moved to the Bank of Montreal as Director of Global Project Finance in London. In 1998 Steven joined BG Group as Treasury and Project Finance Manager and became involved in structuring finance debt in oil and gas related projects. In 2000 Steven went to Singapore with BG Group as Regional Senior Treasury and Project Finance Manager for the Eastern Hemisphere. Steven stayed in the region and joined ABN Amro Bank as Regional Head Asia - Integrated Energy Corporate Finance.
Iain McKendrick - Chief Operating Officer
Iain McKendrick has worked almost entirely in the oil and gas industry in a variety of corporate and asset positions. His experience is predominately in the United Kingdom Continental Shelf but also includes periods of business development roles in Columbia, South America and Houston, USA. Iain holds a Batchelor of Law Degree and Diploma in Legal Practice from Aberdeen University. Latterly he has held senior leadership positions with TOTAL as Joint Venture Manager UKCS and before joining Ithaca Energy as Vice President, Business Development and Strategy in Houston.
John S. Woods - Chief Development Officer
John has 25 years of Petroleum Engineering and Development Management experience in the North Sea. With a Bachelors degree from Leicester University, he joined Britoil for graduate training in 1981. After gaining operations and joint venture management experience, he moved to Amerada Hess in 1989 where over a period of 13 years, based in London and Aberdeen, he developed their UK Petroleum Engineering capability and moved into operations management with overall responsibility for some of the UK North Sea’s largest and most complex developments. Within this role, he managed ongoing operations and tie back projects to subsea, floating production and fixed platform developments. John managed assets with over 270 offshore crew and budgets of $250 Million per year. His achievements whilst at Hess included a number of North Sea ‘firsts’ in production enhancement initiatives and the development of a several tie-back projects into existing infrastructure.
On leaving Hess, John moved into the service sector of the North Sea working with Helix RDS to support companies such as BP, Marathon, Paladin, CNR and Tuscan in developing new reserves and consolidating existing production in the North Sea and worldwide. As part of this work, he led a ‘hot’ team within BP evaluating production issues on one of their key North Sea fields. John then joined Wood Group Engineering as a Director to develop a service capability with the new breed of smaller companies entering the North Sea. He joined Ithaca in February 2006.
Nick D. Muir - Chief Exploration Officer
Nick Muir has over 20 years technical experience oil and gas industry. He graduated in geology from Edinburgh University and later completed a Masters degree in geophysics at Imperial College, London. In 1986, Nick joined Elf UK based in London and later transferred to Elf’s Research Centre in Pau, France where he worked as a geophysicist on numerous worldwide exploration projects. On returning to Aberdeen Nick focused on North Sea activities in particular near field exploration relating to the Piper/ Claymore fields adding value to the portfolio through detailed prospect generation. In 1998 Nick took up a technical position in Agip UK and was responsible for a successful licence round application in the North Sea and the technical growth and maturation of the Agip’s portfolio West of Britain and Ireland.
In 2000 Nick joined Enterprise Oil where he was project leader for Near Nelson and Montrose/Arbroath exploration and appraisal prompting a detailed re-evaluation and identification of several new prospects, some of which have now been drilled and are commercial discoveries. Nick joined Shell through the Enterprise takeover and was initially responsible for technical management of the acquired exploration portfolio. Later he was appointed Exploration Commercial Lead for the North Sea and was responsible for the extensive portfolio rationalisation and farmout activity undertaken by Shell over the period 2003-2006. Nick joined Ithaca in March 2006.
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