Ken Fellowes - Background
Ken Fellowes has spent over 30 years in the petroleum industry. His formal training is in petroleum geology and reservoir engineering.
Over the past 20 years his main focus has been on the business aspects of the industry, primarily the legal, contractual, economic and financial aspects of identifying, negotiating and financing energy related projects in the oil and gas and offshore technology sectors through the capital markets, oil industry farmout and joint venture arrangements.
He has a wide range of contacts at Government level throughout the Middle East and has a network of international contacts at the most senior levels within the international petroleum industry.
Mr. Fellowes has arranged project, debt and equity financings for a number of listed companies based in Canada, Australia and South East Asia and has been involved in all aspects of creating and financing publicly-listed companies.
On graduating from Hull University in England with an honours degree in geology in 1969, he began his career in the oil and gas industry as a petroleum geologist with the Iraq Petroleum Company ("IPC").
The shareholders of the Iraq Petroleum Company were Shell, BP, CFP (Total), Mobil, Exxon and Partex (Gulbenkian), which provided a broad exposure to the oil industry.
Upon joining IPC, Mr. Fellowes was seconded to one of its subsidiaries, the Abu Dhabi Petroleum Company, based in Abu Dhabi. Initially working as a field and wellsite geologist he later focused on the reservoir geology, working on the giant Bab, Bu Hasa, Sahil and Asab Fields - which, over 30 years later, are still producing over 1 million barrels of oil per day.
In 1972 Mr. Fellowes returned to England to study reservoir engineering at Imperial College in London, returning to Abu Dhabi in 1973.
That year IPC was disbanded, with its various subsidiaries being absorbed by the newly emerging National Oil Companies and new production sharing arrangements being made with its original shareholders. This move towards "nationalisation" shaped the future of the oil and gas industry not only in the Middle East, but globally.
After IPC was disbanded Mr. Fellowes elected not to join one of the "major" IPC shareholders and leave the Gulf, but to remain in Abu Dhabi until 1974 with an affiliate of IPC known as "Petroleum Services Middle East Limited".
During the following year in Norway, with the embryonic petroleum division of Norsk Hydro, Mr. Fellowes worked on a fracture prediction model for the Ekofisk oilfield, in which Norsk Hydro still holds an interest. In 1975 Mr. Fellowes returned to the Arabian Gulf, and was based in Sharjah and later Dubai where he
lived with his family until 1991. During this period, through MEPS and its affiliated companies, Mr. Fellowes was involved in oil and gas projects in most of the major petroleum basins in the world, including negotiating and operating interests in the United
Arab Emirates, Oman, Egypt, Iran, Iraq, Jordan, Syria, Tunisia, Somalia, Turkey, Brazil, Pakistan, India, Kazakhstan, Colombia and the United States of America.
In 1991, following the invasion of Kuwait, Mr. Fellowes relocated his family to Australia, but maintains a presence in both Dubai and Ankara through the MEPS offices in those locations. He also spends a considerable amount of his time in Singapore and Brazil.
Mr. Fellowes is Chairman of MEPS, which is currently focusing on oil and gas projectsin Turkey and Brazil, project financing for downstream projects in Turkey and debt and equity financing for three Ultra Deep Water Dual Drilling rigs to be built in Singapore with an overall project value of US$945 million.
Mr. Fellowes' mother tongue is English, but he also speaks both French and Arabic.