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Oil Search names new financial chief – News for the Oil and Gas Sector

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Oil Search has named Peter Fredricson as chief financial officer effective 23 March 2021 as the Australian-listed company pushes growth projects in Papua New Guinea and Alsaka.

Fredricson replaces Stephen Gardiner, who after eight years will step down from the CFO role. Gardiner will continue to assist Oil Search as adviser to the managing director and will also assist with the handover to Fredricson on a transitional basis, the company said today.

“Peter is a strategic and influential executive with over 30 years of international experience in the infrastructure, financial services, investment, and merchant banking sectors across Australia, New Zealand and Asia. Prior to accepting the role with Oil Search, he was the CFO of APA Group, an ASX-listed energy infrastructure company, for more than 11 years,” said Oil Search.

“During his time with APA Group he was responsible for raising A$17 billion in international bond and syndicated debt markets and more than A$5 billion in equity markets to support APA Group’s growth strategy….Prior to joining APA Group, he was the CFO of Vector Limited, a New Zealand publicly listed infrastructure company. He has also held senior financial roles with Grant Samuel and Merrill Lynch,” added Oil Search.

“We are fortunate to welcome Peter to Oil Search. His deep experience in finance, equity and debt capital markets and the financial services sector generally will be valuable to Oil Search as the Company focuses on delivering its strategic objectives and strengthening its balance sheet. Peter will also play a key role in securing project financing and executing funding plans for our growth projects in Alaska and Papua New Guinea, as well as building long term human and financial capability to support the Company’s strategic requirements,” said Oil Search’s managing director, Keiran Wulff.

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