Sergey Faerman
Former Director of Operations at Radial Drilling Services Inc- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
English Native or bilingual proficiency
-
Russian Native or bilingual proficiency
Topline Score
Bio
Experience
-
Radial Drilling Services, Inc.
-
United States
-
Oil and Gas
-
1 - 100 Employee
-
Former Director of Operations
-
Jun 2007 - Present
Management of all operations for day-to-day business. Management of all operations for day-to-day business.
-
-
-
-
General Manager, Russia
-
May 2006 - May 2007
Managed all operations for day-to-day business in Russia. Evaluated political and economic climate for new opportunities; found strategic partners and maintained positive relations with national companies. Supervised flow of important documents and reports to government agencies, corporate counsel, and finance managers. Created new business opportunities in Russia by developing and implementing strategic partnership between Anadarko and Tatneft to participate in oil and gas auctions for joint exploration and development projects. Supervised document gathering, preparation and submission to the local authorities to participate in the auction bid round in Khanti Mansyisk region of Siberia. Show less
-
-
-
Devon Energy
-
United States
-
Oil and Gas
-
700 & Above Employee
-
President of Texneft Inc (Devon Energy's sub)
-
May 2003 - May 2006
In charge of overall Russian business segment strategy and its execution by the Joint Venture. In charge of overall Russian business segment strategy and its execution by the Joint Venture.
-
-
-
Devon Energy
-
United States
-
Oil and Gas
-
700 & Above Employee
-
Director, International Properties
-
Jan 1999 - Jan 2003
Managed negotiations, partner relations and contracts administration for International Division. Management and supervision relating to JOA and PSA activities. Managed negotiations, partner relations and contracts administration for International Division. Management and supervision relating to JOA and PSA activities.
-
-
-
-
Vice President
-
Jan 1997 - Jan 1999
Managed day-to-day operations including: approval of annual budgets, analysis of financial activities, P&L, capex, oil and gas reserves reporting, legal write up of charter documents, supplements, credit agreement and various operating agreements. Managed ongoing activities of the Russian operations such as sales, budgeting, accounting, and general administration. Successfully negotiated and obtained the rights to the Demkinsky and Suncheleevsky major oil fields which resulted in significant additional reserves and production for the company. Performed due-diligence of new opportunities and decided not to participate in certain new projects. This alone saved the company at least $50MM. Obtained sales permits for the subsidiary which allowed for additional $5MM in revenue. Arranged for $2MM loan repayment which allowed freeing up funds for additional drilling activities at very attractive rates of $50M per well vs. $250M per well. Maintained excellent public relations with the Russian partners and government officials while promoting company's efforts to expand its operations in Russia and implementing new technologies. The company was able to secure two new oil fields while implementing new fracing and acidizing programs. These new programs improved production by 10%. Accomplished all tasks within budgetary constraints and timely manner; Russian business unit saved 10% in costs vs. approved budget while completing all operational objectives. Show less
-
-
-
-
Chief Financial Officer
-
Jan 1993 - Jan 1997
Managed financial, accounting, and economic functions; responsible for all internal, external financial, statistical reporting and audits. Established and implemented company financial policies and operating procedures; developed and implemented annual budgets and strategic plans. Managed financial, accounting, and economic functions; responsible for all internal, external financial, statistical reporting and audits. Established and implemented company financial policies and operating procedures; developed and implemented annual budgets and strategic plans.
-
-
-
-
Chief Accountant
-
Jan 1991 - Jan 1993
Performed all accounting and financial functions, including monthly financial reporting to the President, Vice-President and the Board of Directors.Established policies and procedures for start-up subsidiaries Texneft and J.V.Tatex.Acted as an intermediary between Russian and American partners.
-
-
Chief accountant
-
1991 - 1993
-
-
-
-
Financial Accountant
-
Jan 1989 - Jan 1991
-
-
-
-
Cost Accountant
-
Jan 1988 - Jan 1989
-
-
Education
-
University of Houston, C.T. Bauer College of Business
BBA, Accounting