David Malone

Director



David Malone is currently the Chief Technology Officer for the Shoaibi Group, a large Middle East based company with manufacturing, services, product distribution, and investment predominately in the oil, gas and petrochemical sector across the MENA region.
 
Prior to the Shoaibi Group Mr. Malone worked for more than 26 years at Schlumberger, most recently serving four years as a portfolio manager for the corporate development group in Houston where his primary objective was to identify and acquire technology based businesses matching the strategic needs of the company. Before his assignment in Corporate Development Mr. Malone worked for 17 years in research, product development, business development and manufacturing. His most recent assignments include: Vice President of Research, Product Development and Manufacturing for WesternGeco(includes acquisition and data processing worldwide); Vice President of Research and Development for Well Completions and Productivity (includes Testing, Artificial lift (Reda), Subsea Intervention and Completions); and Vice President of Research and Development for the Camco family of companies after the acquisition of Camco by Schlumberger in 1998. The remainder of Mr. Malone's career include positions in manufacturing, business development, and R&D management in the Drilling and Measurement and Wireline division of Schlumberger where he was instrumental in the development and introduction of Schlumberger's MWD (Measurement While Drilling), LWD (Logging While Drilling), directional drilling,multi-lateral, coiled tubing drilling, slickline services, wireline cable and wireline conveyance systems. Mr. Malone joined Schlumberger as an MWD Field Engineer in the U.S. Gulf of Mexico.
 
Mr. Malone holds 22 patents in the MWD, LWD, Directional Drilling, Seismic and Completions domains. He is a member of the Society of Petroleum Engineers, American Society of Mechanical Engineers and the Association for Corporate Growth. He holds a B.S. in Mechanical Engineering from the University of Kentucky. He currently serves on the Board of Directors of the Artificial Lift Company, the Boy Scouts of America - Transatlantic Council and is on the Advisory Board of Energy Ventures.