Domestic/International Exploration and Development Executive

Martin is a talented and seasoned oil and gas executive with 37 years of broad experience both domestically and internationally, including 16 years as the Exploration and Development Manager on multiple Apache Corporation Executive Management Teams in Egypt and the Permian Basin. He brings a wealth of expertise and a proven track record as a successful manager of active geophysically based, multi-rig exploration and development drilling portfolios, in multiple petroleum basins, encompassing varied structural settings, stratigraphy, and depositional systems, including unconventional shale plays, conventional clastic and carbonate plays, and Improved Recovery Full Field Development waterflood and CO2 programs. Strengths include technical team building and strategic leadership, planning and benchmarking, portfolio and capital management, and partner and regulatory relationships, including International Concession Licensing and Profit Sharing agreements and negotiations.

Currently, Martin is the principle in a private consulting firm, Oldani Global Petroleum Consulting, LLC, after having retired from a 25.5 year tenure with Apache. In his most recent Apache role, as the Permian Region Exploration Manager, Martin’s responsibilities included managing and executing exploration and development activities across the Permian Region, including the Northern Delaware Basin, North Shelf & Central Basin Platform, and the Midland Basin. Strategically, E&D efforts were foremost focused on Apache’s Midland Basin Lower Spraberry and Wolfcamp shale assets where an emphasis was placed on Science, Technology, and Full Petroleum System analysis (3D Seismic and Visualization, Whole Cores, Fluid Sampling & Fingerprinting, Petrophysics, Landing Zone Strategies, Well Spacing, Micro-Seismic & Fracture Networks, Completion Techniques, etc.), with the goal of optimizing Full Field Development programs as commodity prices stabilize. Two other aspects of Apache’s business were also areas of focus during Martin’s tenure; Improved Recovery and rejuvenation of legacy conventional development programs. In the Improved Recovery arena, covering 41 active waterfloods, 6 active CO2 floods, and another 11 potential floods, he was responsible for spearheading the generation of fully populated 3D Geocellular models that were constructed for over half the field inventory, with 7-10 of those having incorporated full engineering integration, setting up full field development programs and highly economic inventory for the future. In the conventional arena, where Apache also has an extensive acreage position, regional programs for N. Delaware Basin Bone Spring and Wolfcamp Plays, the NW Shelf & CBP San Andres Play (Hz/TRoz), the 3D based Siluro-Devonian Play, the Wichita Albany Play, and the emerging Wolfcamp Lime Hz Play, were all advanced with generation of significant future drilling inventory, both horizontal and vertical.

Previous to joining the Permian Region, Martin served consecutively as Apache’s Exploration Manager in both of Apache Egypt’s joint venture operating companies; Qarun Petroleum, and Khalda Petroleum. During his tenure in Egypt, he served continuously in a leading role, contributing to Apache’s dramatic growth and successful exploration and development efforts across the Western Desert of Egypt. At Khalda, responsibilities included managing and executing Apache’s exploration activities within 84 development leases and 16 concessions, stretching across the Faghur, Shushan, Obayed-Matruh, Kanayes-Alamein, and Abu Gharadig Basins of the Egyptian Western Desert. During a 4.5 year tenure at KPC, a total of 144 exploration/appraisal wells were drilled, a step change increase, up from a total of 89 that were drilled during the 2001-2009 period. In support of this effort, nine new 3D seismic surveys were acquired, covering 8,846 Km2. The program delivered 62 new field discoveries, 15 new development leases, and 2P reserves in excess of 300 MMBOE. During Martin’s tenure with Khalda, he also served as a Board Member on several of the operating company’s Concession Boards. At Qarun, responsibilities included managing exploration and development activities in over 43 producing fields within a number of legacy development leases and 2 exploration concessions in the Abu Gharadig and Gindi Basins of the western desert, the Beni Suef Basin of the Nile valley, and the East Ras Budran Concession on the Gulf of Suez. During this period, 352 wells were drilled (33 Expl., 19 Appr., 300 Dev.), including Full Field Development waterflood programs in 20+ fields, that turned the Qarun Petroleum JV around from one of decline where the peak production rate of 43,324 BOPD in June of 1999 that had fallen to 18,000 BOPD by 2003, was increased to new record levels of 58,036 BOPD by December 2010, juxtaposed against a 50% BPF decline rate. At both Khalda and Qarun, Martin played a leading role as a key contributor in achieving Apache’s “2X” program to double gross operated production from 2005 to 2010. The goal was achieved in June 2010, when output reached 330,000 barrels of oil equivalent (boe) per day, propelling Apache to the position of largest oil producer in Egypt. During 2000-2014 tenure, net production had grown from ~ 40,000 BOEPD to ~150,000 BOEPD.

Prior to moving overseas with Apache, the first 20 years of Martin’s career was concentrated on the Gulf Coast; in Apache’s Gulf Coast Onshore Region as an exploration and development geologist focused in executing Apache’s activities in South Louisiana and the Upper Texas Gulf Coast. And prior to joining Apache, primarily focused on exploration in South Louisiana, with side efforts in the offshore Gulf of Mexico, South Texas, and in the East Texas Basin, with Sandefer Oil and Gas, Wintershall (Tricentrol), Texas Brine Corporation’s Solar Petroleum subsidiary, and with First Mississippi Corporation’s First Energy subsidiary.

Throughout his career, Martin has also been very active with professional society activities. He is a State of Texas Licensed Professional Geologist, and an American Association of Petroleum Geologists’ Certified Petroleum Geologist, and remains or has been an active member of the American Association of Petroleum Geologists, European Association of Geoscientists and Engineers, Houston Geological Society, West Texas Geological Society, and the Permian Basin Section – SEPM. He has served on numerous HGS and AAPG Convention committees, in the AAPG House of Delegates, and was a HGS President’s Award Recipient for 1991-1992, and served as a technical presenter at a Houston Geological Society Dinner Meeting in May of 2013 (one of six published technical papers authored or co-authored). He also sat on the Baylor University Geology Advisory Board from 1998-2000. Martin has both his B.S. (1979) and M.S. (1988) degrees in Geology from Baylor University, and completed Executive Management & Leadership training at both Rice University (2006) and Southern Methodist University (2012).

For more information, please contact [email protected] referencing N171790.