Talos Selects Longtime Shell Exec Paul Goodfellow as President, CEO

Hart Energy
02-03

Offshore E&P Talos Energy Inc. has appointed former Shell global deepwater chief Paul Goodfellow as its new president, CEO and member of the board, the company said Feb. 3. Goodfellow will take over the reins of the company on March 1.

The appointment, announced Feb. 3, comes after a period of ambiguous leadership for Talos, which parted ways with CEO Tim Duncan, a founder of the company, in August. Joseph A. Mills, CEO of Samson Resources, served as interim president, CEO and board member from August until he resigned on Jan. 6.

However, Talos has continued to execute operationally, including saying Jan. 15 that it had successfully encountered oil and gas pay at its Katmai West #2 well in the Ewing Bank area of the U.S Gulf of Mexico.

Goodfellow is an industry veteran with more than 30 years of domestic and international oil and natural gas experience, largely at Shell, where his tenure began in 1991, Talos said.

In addition to his work in Shell’s global deepwater business—including the GoM, offshore Mexico, Brazil, West Africa, Malaysia and the North Sea—Goodfellow held positions overseeing Shell's global drilling, completion and well intervention organization. He also served as a member of the major’s Projects & Technology and Upstream leadership teams.   

Goodfellow currently serves as executive vice president and group chief internal auditor for Shell and is on the Shell Midstream Partners board of directors. He has also served as executive vice president, wells; vice president and managing director, U.K. and Ireland and vice president, unconventionals for the U.S. and Canada.

“I appreciate the confidence the board of directors has shown in selecting me to lead Talos with its strong asset base and solid balance sheet,” Goodfellow said, “I look forward to working with the board, senior management, and its dedicated employees as we develop and execute a strategy to drive performance and maximize value for our shareholders.”

During his first 100 days at Talos, Goodfellow said he plans to gain a deeper understanding of Talos’ business and identify the key drivers of the company’s success.

“Additionally, I will collaborate with the leadership team to define the next phase of our growth and develop a strategic plan. Once this process is complete, we plan to announce our new strategic plan," he said.

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