BP Plc, Europe’s second-biggest oil company, is reorganizing the management its of exploration and production business.
Lamar McKay, the head of U.S. operations, will move to London to become chief executive officer of upstream, reporting to CEO Bob Dudley, BP said in a statement in London today.
The move undoes one of Dudley’s first acts when he took over in 2010 following the Gulf of Mexico oil spill. Dudley eliminated the post of head of exploration and production and put three executives in charge that reported directly to him.
Andy Inglis, the head of exploration and production from 2007 until 2010, left the company in the wake of the spill. His role was replaced with an expanded management team as well as heads of safety and of strategy and integration.
Exploration will still be led by Mike Daly, a BP veteran of more than 25 years. Bernard Looney, who previously ran the company’s North Sea business, remains in charge of development. Bob Fryar heads up production. They will now report to McKay.
McKay, a petroleum engineer who’s been with the company 32 years, has been chairman and president of BP America since 2009.