Mr. Phil E. Mulacek has a proven track record of over 40 years in oil and gas and LNG development, leading and delivering complex deals in the energy industry. He has deep expertise in all aspects of the integrated oil & gas spectrum across the upstream, mid-stream, and downstream, often working across challenging geographies. In recent years, Phil has expanded his focus to include energy development projects and investments in new and emerging energy technologies, such as large-scale carbon capture & storage (CCS) and global hydrogen technologies.
Phil was the founder and former Chairman and CEO of an NYSE listed company InterOil Corporation (IOC), founded in 1991. Under his tenure, he pioneered the company into a vertically integrated oil and gas company and shepherded IOC into an NYSE listing and market capitalization of over US$5.2 billion. He also led IOC by securing and building a refinery in Papua New Guinea to discovering over (12+ Tcf) or over 1.6 billion barrels of oil equivalent in Papua New Guinea (PNG); independently certified. This gas volume growth over 4 years was more than any other individual in Asia in the past 40 years; enough to underpin 12mtpa to 20 mtpa of LNG capacity.
Phil currently leads a Singapore-based family office, Asian Oil & Gas, specializing in global integrated energy development and investments. Founded in 2013, this family office has evolved into a private investment company with assets exceeding US$1 billion, including significant U.S. domestic oil and gas royalty mineral acreage interests in Texas, Louisiana and other states. Its core focus is on identifying and investing in energy development opportunities globally, from traditional to emerging and new energy sectors.
In addition, Phil is the Founding Director and Chief Investment Officer of Energy Evolution Fund, a hybrid investment fund focused on investing in the global energy sector from traditional fuels to low-carbon alternatives and smart energy technologies. Since its inception in mid 2021, the fund has seen over 160% growth. Phil also serves on the board of directors of Empire Petroleum Corporation, a Tulsa-based upstream company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico.
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