A seasoned leader and entrepreneur with wide-ranging oil exploration and production experience in diverse geographies, business climates and political environments
Spanning over Three Decades of Leadershp Experience in the International Energy Industry
FORMER PRESIDENT OF TEXACO TECHNOLOGY VENTURES
FORMER CEO OF TIMAN PECHORA COMPANY (OWNED BY AFFILIATES OF TEXACO, EXXON, AMOCO, NORSK HYDRO AND LUKOIL)
FORMER PRESIDENT OF TEXACO INTERNATIONAL OPERATIONS
1979 - 2001
Frank Ingriselli Led the Historic Signing of China's First Successful International Oil Contract Between Texaco and the Chinese Government (circa 1983)
PIONEER IN CHINESE ENERGY MARKET
Mr. Ingriselli began his career at Texaco in 1979 and held various key executive positions with Texaco throughout the following two decades. From 1979 until 1983, Mr. Ingriselli led Texaco’s negotiations with China for its first successful international oil Production Sharing Contract. Under Mr. Ingriselli’s leadership, Texaco discovered Block 16/08 (HZ/21-1 oil field) in the Pearl River Mouth Basin in the South China Sea. The contract for more than 20 produced some 100,000 bopd for the citizens of China, generating substantial revenue for China National Offshore Oil Corp (CNOOC) and Texaco/Chevron.
In 1992, Mr. Ingriselli was named President of Texaco International Operations Inc., a capacity that directed Texaco’s global initiatives in exploration and development. In 1996, he was appointed President and CEO of the Timan Pechora Company, a Houston-Moscow headquartered company owned by affiliates of Texaco, Exxon, Amoco, Norsk Hydro, and Lukoil, which was developing one of the largest international investments in Russia at that time.
In 1998, Mr. Ingriselli returned to Texaco’s Executive Department with responsibilities for Texaco’s power and gas operations, merger and acquisition activities, pipeline operations and corporate development. In 2000, Mr. Ingriselli was appointed President of Texaco Technology Ventures, responsible for all of Texaco’s global technology initiatives and investments. In 2001, Mr. Ingriselli retired from Texaco after its merger with Chevron.
2005 - 2009
MINI TEXACO - ENTREPRENEURSHIP
In 2005, with a group of Texaco alumni, Mr. Ingriselli founded Pacific Asia Petroleum, Inc. (NYSE:PAP), a New York-based energy company with operations in China.
PAP's board members included the late Robert Stempel, former Chairman and CEO of General Motors; James Link, Former Treasurer of Texaco; and Elizabeith Smith, Former VP of Investor Relations and Chief Compliance Officer of Texaco.
2011 - 2018
SUCCESS THROUGH PARTNERSHIP
In 2011, Mr. Ingriselli founded Pacific Energy Development (PEDEVCO Corp.), an energy company focused on acquisition and development of energy projects, including shale oil and gas assets, in the United States. Through global partnership, Pacific Energy Development executes its high growth and early cash flow strategy.
The company became public in 2012 (NYSE: PED) and has operations in Colorado and Texas.
2016 - 2018
NEW GLOBAL OIL MARKET DYNAMICS. NEW OPPORTUNITIES
Mr. Ingriselli founded Blackhawk Energy Ventures in 2016. Blackhawk Energy draws from Mr. Ingriselli and his team's decades-long E&P experience, from off-shore deep water exploration, to the advanced drilling technologies that helped brought forth the Shale Revolution, to capitalize on the new opportunities presented in the next generation oil market.
The company focuses on identifying and acquiring under-valued oil assets and maximize their production and profit by utilizing stringent cost-effective, low-overhead operation programs and aims to bring bottomline profitability through operational efficiency and market responsiveness.
2018 - Present
Indonesia Energy Corporation Limited (NYSE: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California.
2022 - Present
Trio Petroleum Corp is a California-based energy company that is in the final stages of an IPO on the New York Stock Exchange. Its core asset is the operated South Salinas 9,000 acre asset located in Monterey County California with an estimated 2.12 billion barrels of 0OIP and 1.8 trillion cubic feet of gas ft.³ of OGIP and 163 million barrels of P2 and P3 reserves. The undiscounted present value of Trio’s full project cash flow is an estimated $6.4 billion.