Dennis Francis


Dennis Francis

Chief Executive Officer and Executive Director, Age 69

Mr. Francis has been Chief Executive Officer and an Executive Director of the Company since its formation in 2005. He has over 40 years experience in the petroleum industry and was with Marathon for 30 years. He started work with Marathon as a geologist/geophysicist and held various international positions. In 1990, Mr. Francis became USSR/FSU task force manager responsible for putting together a special task force to develop new opportunities for Marathon in Russia. Marathon and its partners ultimately won the first Russian competitive tender which was to develop the Sakhalin II Project offshore Sakhalin Island. Mr. Francis managed the progression of this project within Marathon. He represented Marathon as shareholder and was a director on the board of Sakhalin Energy Investment Company during the Phase I Project Development. He was also a member of the joint supervisory board with oversight responsibility for the Sakhalin II Production Sharing Agreement. He was a recipient of the Governor of Sakhalin Award for his efforts associated with the Sakhalin II Project. He also managed Marathon’s acquisition of the Khanty Mansiysk Oil Company in 2003. In 2015, on the occasion of the 10th Anniversary of LLC Stimul-T/PetroNeft Resources, Mr. Francis received a Certificate of Honour from Tomsknedra (the Regional Federal Agency of the Ministry of Natural Resources of the Russian Federation) for significant contributions to the development of oil fields on the right bank of the River Ob. He is a member of the American Association of Petroleum Geologists and Society of Exploration Geophysicists. He has a BSc degree in geophysical engineering and an MSc degree in geology both from the Colorado School of Mines. He has also completed the Program for Management Development at Harvard University.