Falcon Oil & Gas to relocate to Dublin
ENERGY COMPANY Falcon Oil & Gas is to relocate to Dublin, the company said yesterday.
The Canadian-listed company, which specialises in unconventional oil and gas exploration, is to move its corporate headquarters from Denver, Colorado, to Dublin in the coming months.
The firm’s technical operations will move from Denver to Budapest, Hungary, where the company operates exploration and producing interests.
Falcon will join Providence Resources, Tullow Oil and Cove Energy on the list of energy companies based in Dublin.
The move will create new jobs in the capital over the next three to six months, according to Falcon chief executive Philip O’Quigley.
“We currently have 11 people employed in Denver in the finance, administration and technical areas so that will be the approximate number of jobs we will create here.”
As part of the process, the company has already appointed Eoin Grindley as the new chief financial officer. He has previously worked at Sandvik Mining and GE Energy.
Mr O’Quigley said the fact that he and Falcon chairman John Craven were both based in Dublin heavily influenced the decision to move the company. He added that, given the geographical spread of the firm’s assets, “Dublin is a good centrally located city to have its HQ”.
Mr O’Quigley resigned his executive role with Providence Resources earlier this year to take up the post with Falcon.
Falcon holds almost 15 million acres in three major exploration projects in Hungary, Australia and South Africa.