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Dean’s Council Speaker Series
Larry McVay, Managing Director of Edgewater Energy, LLC
(1970 B.S.M.E., Texas Tech University)
Thursday, October 11, 2012
4:00 p.m.
Lankford Lab (ECE 101)
Free pizza will be served
You are invited to attend a special seminar hosted by the Whitacre College of Engineering Dean’s Council.
Larry McVay, Managing Director of Edgewater Energy, LLC and a 1970 Texas Tech mechanical engineering graduate, will give a presentation titled “An International Career Journey Where ‘EVERY Day is an ADVENTURE.’”
He will discuss the many opportunities, challenges and rewards from working in an international business environment in engineering and management. The seminar will be held on Thursday, October 11, 2012 at 4:00 p.m. in the Lankford Lab (ECE 101). Free pizza will be served.
Biography
Larry D. McVay serves as Managing Director of Edgewater Energy LLC, a Private Oil and Gas Company that specializes in development of Shale plays across the United States. Prior to becoming the Managing Director of Edgewater Energy, Larry worked in various Engineering, Management and Executive Leadership positions with Amoco and BP both domestically and Internationally until his retirement from BP with 39 years of service.
In his last assignment with BP, Larry served as the Chief Operating Officer of TNK-BP in Moscow Russia. In this role, Larry provided direct executive leadership for the Upstream, Downstream, Oil Field Services Stream, Technology Stream and Supply Chain Management. His area of responsibility included production of over 2 Million Barrels per day of oil and gas, operations of 5 Refineries producing 700 thousand barrels of product per day, operating the largest Marketing operation in the Ukraine and the second largest in Russia with over 2500 retail stations. The Oil Field Services Stream accounted for over $1 Billion in annual revenue, mainly for services provided to its own Upstream Company. The Technology Stream, which provided technology support for the Upstream, Downstream and OFS is also responsible for Exploration.
During the 3+ years serving as the Chief Operating Officer, Reporting to the CEO, TNK-BP became the largest oil producing company in Russia, increased its market cap from $16 Billion to over $50 Billion, grew production by 40% with current daily production over 2 Million Barrels Energy Equivalent, delivered the highest Free Cash Flow of any Russian Oil Company and replaced reserves over 125% of production. TNK-BP revenues were in excess of $30 Billion with EBITDA of over $9 Billion. In addition to the financial performance, TNK-BP was a leader in Russia for Transparency and improving HSE Performance.
Larry previously served as Technology Vice President Operations and VP HSE for BP, based in London, England. Larry led the global E&P Operations Excellence effort on improving operating efficiency for BP’s Upstream and achieved considerable improved operating performance during his tenure in that role
Larry has over 30 years of experience as a Senior Line Manager, and 42 years of industry experience, with Amoco, BP and TNK-BP. Larry has a track record encompassing Upstream, Midstream and Downstream. In addition to his vast knowledge of the Upstream, Larry has managed Amoco Pipeline Company and two refineries. Larry’s knowledge covers both US operations, where he was responsible for Amoco’s largest West Texas Operations, and led the first Field Scale Enhanced Oil Recovery Project (CO2) to International Operations where he was the Managing Director/ General Manager of the Gulf of Suez Petroleum Company (GUPCO), a joint venture between BP and the Egyptian Government in Cairo, in addition to being the Chief Operating Officer for TNK-BP in Russia.
Larry has a degree in Mechanical Engineering from Texas Tech University and was recognized as a Distinguished Engineer by Texas Tech University in 1995. Larry is a Registered Professional Engineer and has served in numerous Leadership positions with the SPE and the API Chapters in the US, UK, Egypt and Russia. Larry is currently on the Board of Directors of Callon Petroleum Company, Praxair and Chicago Bridge and Iron.
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Posted:
10/5/2012
Originator:
JEFF Sammons
Email:
N/A
Department:
Engineering
Event Information
Time: 4:00 PM - 5:00 PM
Event Date: 10/11/2012
Location:
Lankford Lab (ECE 101)
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