SierraCol chair joins Prime Infrastructure board
The chairman of SierraCol Energy Ltd., Colombia’s largest independent oil and gas exploration firm, is reinforcing Prime Infrastructure Capital Inc.’s global expansion drive with his appointment to its board of directors.
Colombia's largest independent oil and gas exploration firm, SierraCol Energy Ltd., has bolstered Prime Infrastructure Capital Inc.'s global expansion efforts with the appointment of its chairman, Tony Hayward, to the board of directors. The board-acquisition happened approximately five months following Prime Infra's acquisition of the Colombian oil giant.
Hayward, who remains SierraCol's leader, is anticipated to assist Prime Infra in achieving its strategic goals in the Philippines and other chosen international markets. Prime Infrastructure chairman Enrique Razon Jr. expressed excitement about Hayward's inclusion, highlighting his extensive experience in the global energy industry, particularly in upstream and international markets.
Hayward, a seasoned global energy executive, has been SierraCol's CEO since its inception in 2020, having previously held leadership positions at British oil and gas company BP and Swiss diversified natural resources company Glencore. Hayward's current roles include chairing several private companies, demonstrating his wealth of knowledge spanning the global energy and natural resources sectors.
Prime Infrastructure has amassed a strong record in developing and operating critical infrastructure, and Hayward's expertise will be instrumental as the company pursues further growth across the energy sector and beyond. In March, Prime Infra purchased SierraCol from private equity group Carlyle, a move analysts deemed beneficial for the Philippines in reducing its dependence on oil-producing countries in the Middle East.
SierraCol contributes around 10 percent of Colombia's total oil production. The company also operates two substantial oil fields that yield high-quality crude and are linked to essential infrastructure and markets.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
