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Ridlington, who served as Tabreed's CFO from 2009 to 2011, and led the restructuring of the company during that period, will make his return to the UAE's largest district cooling company after spending the last four years in London as CFO for Buried Hill, a private upstream oil and gas exploration company.
He has spent the last four years in London as CFO for Buried Hill, a private upstream oil and gas exploration company and has over 34 years of international industry experience, including 17 at global oil major BP.
An agreement has been signed by African Petroleum Corporation (APC) with Buried Hill Africa Limited (Buried Hill) to farm-out a 10% interest in Block CI-509 offshore Cote d Ivoire.
Malaysia's Petronas and London-listed Dragon Oil are producing oil, while Germany's RWE, Russia's Itera and Cyprus-headquartered Buried Hill are prospecting for oil on the sea shelf.
New discovery of Bozhong 22-1 demonstrated great exploration potential of natural gas in Bohai buried hill at deeper zone; another discovery of Lingshui 17-2 marked a breakthrough of the Company's independent deepwater exploration.
The major international oil and gas companies operating in Turkmenistan are Petronas, Dubai-based Dragon Oil, Maersk, Wintershall and Buried Hill.
Russia's Zarit Consortium and other firms such as BP, Chevron, Buried Hill Energy, ExxonMobil, Shell, ENI, Total, Gazprom/GazpromNeft, LUKoil, and ConocoPhillips are among IOCs eager to explore and develop Caspian Sea blocks for oil and gas.
But in February 2008, Buried Hill claimed it had signed a PSA with the Turkmen government to begin production from this field.
This 13,000 foot exploratory test will evaluate a large Pre Tertiary buried hill prospect located about 4 miles west northwest of the CFD 2-1-1 discovery.
The terminated licenses are: Offshore Blocks A1 and A4 licensed to African Petroleum Gambia Limited and Buried Hill Gambia B.
One of the appraisal wells PL9-1-5 encountered oil pay zones in buried hill with total thickness of over 200 meters, and the well was tested to produce around 700 barrels of oil per day.
Graeme is currently a Director of Tundra Oil & Gas and of Buried Hill Energy Ltd.