Executive Committee

Crescent Petroleum’s organisational structure is designed to maximize efficiency by empowering personnel to take decisions. The Company is managed and led by an Executive Committee, which is composed of the Senior Directors in the Company. These directors have the ultimate responsibility for the various functions and disciplines in the Company. The duties and role of the Executive Committee include, among other matters:

• providing the strategic direction of the Company;


• the setting of Corporate policy on investment, finance and personnel;


• the approval of major investments, joint ventures, asset purchase/sales and major expenditures, setting up of new operations/projects;


• the approval of the basic policies and procedures, business plans and annual budgets, expense controls, approval of limits and delegation of authority; and


• the necessary prioritisation of Company resources, with a view to achieve the Company strategy/objectives.