Technological chops, regional experience, enthusiastic reception bode well for SNV, our CEO tells Capital Compass
CALGARY, Canada (Nov. 5, 2024)—West meets Middle East.
Technological brushstrokes meet a blank canvas.
Regional experience meets boundless opportunity.
Whatever way you frame it, Greg Renwick sees good days ahead for Sonoro Energy.
Mr. Renwick, the Chief Executive Officer of Sonoro Energy, recently joined the Market Online’s Capital Compass program to talk about Sonoro’s focus on the Middle East and North Africa (MENA) region—and the reasons why he’s excited for Sonoro’s future.
“We see opportunities in a number of countries, partly based on the fact that they don’t have access to Western technology. It hasn’t been brought into these countries yet,” he says, noting that Sonoro used an innovative multilateral horizontal well technology to establish our first well in Saskatchewan earlier this year.
“And I’m confident that with the team we have, the future looks bright.”
Mr. Renwick was brought on board in late July by Sonoro at the recommendation of our board chairwoman, Sara Akbar, a celebrated figure in the Middle Eastern oil and gas industry.
Ms. Akbar co-founded the region’s first private upstream energy company, Kuwait Energy Company, and is currently CEO and chair of OILSERV Kuwait. Meanwhile, Mr. Renwick is no stranger to the area.
He spent six years in the Middle East—three with Kuwait’s national oil company, Kuwait Foreign Petroleum, where he first met Ms. Akbar, and three more with MENA-based outfits Dana Gas and Centurion Energy International.
“Countries of interest for us are Iraq, (specifically) southern Iraq, and Libya. Sara has been in those countries recently. She has been visiting the national oil companies. She has been understanding the processes that they’re using to attract Western companies,” says Mr. Renwick.
“There’s certainly opportunity, and the host countries are quite anxious to see more Western involvement.”