
Oleg Molokin

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About me
BPX Energy L48 - Vice President Drilling
Education

Kolomensky Pedagogical University, Russia
1988 - 1993Engineer's Degree Engineering & InstructionSecondary major in Physics

Oklahoma City University
1994 - 1996Master of Business Administration (M.B.A.) International BusinessMBA
Experience

Helmerich & Payne
Nov 2003 - Oct 2011Oversaw daily operations of 7 highly mobile drilling rigs and 25 rig move trucks. Over 400 well drilled among multiple Operators in the Basin. Various drilling practices including air and mist-drilling, sidetracks, s-shape, build & hold and horizontal wells. Construction and onboarding of new rigs for O&G Operator in Trinidad, Colorado. Responsible for district P&L. Provided day to day leadership in the areas of HSE, drilling operations, equipment maintenance and drilling optimization. Hired and trained employees, team development. Communicated with customers on daily operational issues, down hole problems and well optimization opportunities. Lead business review meetings with customers and managed service failure resolution. District achieved 64% reduction in TRIR in Year 2009. Show less Managed 14 drilling rigs and supervised drilling superintendents and engineering staff. Wells drilled for multiple Operators. Vertical, directional, horizontal wells and drilling with casing application. Drove operational and safety leadership, identified and focused on areas of improvement. Managed equipment upgrades and drilling rigs maintenance. Daily communicated with multiple customers on operational issues, down hole problems and well optimization opportunities. Identified opportunities for revenue growth and cost reductions. Show less Provided engineering support for ongoing international operations including start-ups in new markets and assisting with the development of new ventures. Responsibilities ranged from daily drilling operations support to evaluating and start up on new drilling operations in new countries. Worked closely with O&G Operators to design technical solutions. Evaluated market conditions, designed entry strategy into new countries and developed detailed executions plans for drilling. Projected operating costs and completed IRR analysis. Initiated commercial and technical proposals and communicated with customers in connection with new and existing projects. Worked closely with Finance and Legal to establish legal entities and ensure proper reporting. Assisted with due diligence on engineering plans to outsource rig manufacturing outside USA. Show less
International Marketing & Business Development Manager
Jan 2011 - Oct 2011Operations Manager
Nov 2008 - Dec 2010Area Manager
Oct 2006 - Oct 2008Drilling Projects Manager, International Operations
Nov 2003 - Sept 2006

BP
Nov 2011 - nowProvided support to all Operating Areas within Lower-48 Onshore in the areas of rig selection, contractors’ operating practices and service reliability. Collaborated with Global Wells Organization (GWO) Functions - Rig Engineering, Process Safety, Rig Audit, PSCM in developing fit-for-purpose processes for onshore operations, such as, Safety Critical Equipment (SCE), Rig Start-Up & Operating Practice (RISOP), Hazard & Operability Study (HAZOP), Updated Onshore Model Contract for drilling and service rigs. Managed implementation of these processes within L48 and with external Contractors. Led simplification efforts and assisted with development of new operating practice for L48 Onshore – NAGWOP. Show less
Drilling Manager
Mar 2015 - nowWells Team Leader
Oct 2013 - Feb 2015Wells Team Leader
Nov 2011 - Sept 2013

BPX Energy
Dec 2018 - nowVice President
Dec 2018 - nowVice President
Dec 2018 - now
Licenses & Certifications

Well Control - Level 4
Muchison Drilling School, Inc
Languages
- enEnglish
- ruRussian
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