Drilling contractor KCA Deutag has named a new chief executive as current boss Norrie McKay heads for retirement.
Former Schlumberger executive Joseph Elkhoury is taking over the reins from McKay, who will stay on in an advisory role until the end of the year.
Lebanon-born Elkhoury will take up the position from 1 July.
He comes from KCA Deutag from Apollo Global Management, where he is operating partner.
Before that he was at Tetra Technologies, having joined in 2014 as chief operating officer.
Before that, Elkhoury spent 21 years at oilfield services giant Schlumberger, joining as a wireline field engineering in Abu Dhabi in 1993.
He worked in the microseismic services, production services, information solutions and global supply chain businesses of Schlumberger.
KCA Deutag chairman Bob Ellis said on Monday: "We are extremely pleased that Joseph is joining KCA Deutag. He brings with him an impressive range of international experience and a deep understanding of the dynamics of our market which we believe is essential as we take KCA Deutag into the next phase of its development."
“On behalf of the board of directors, I would also like to take this opportunity to thank Norrie for the huge contribution he has made to the business since he joined KCA Deutag eight years ago.
“Under his strong leadership the group has continued to flourish despite the worst downturn the oil and gas industry has ever experienced. He has not only led KCA Deutag from the front with his unwavering drive to deliver safe, effective and trouble-free operations, but he has also spearheaded our successful growth strategy.
"This culminated in the acquisition of the Omani and Saudi Arabian businesses of Dalma Energy in 2018, and the establishment of Turan Drilling & Engineering, the group’s new joint venture in Azerbaijan."