Board of Directors

Enkhmaa Davaanyam


Ridvan Karpuz

Chief Executive Officer (CEO)

Dr. Oyungerel Janchiv 

Non-Executive Director

Ms. Enkhmaa is the CEO of Petrovis Group, Mongolia’s largest fuel supplier. Ms. Enkhmaa has over 19 years of international experience in financing and risk management of mining, infrastructure and energy projects and commodities trading. She serves as Deputy Chair of Board of Directors of Petrovis Group since 2011 and was appointed as the CEO in August 2013. Prior to joining Petrovis Group, Ms. Enkhmaa worked as a Managing Director at Macquarie Group for over 10 years, responsible for risk management in the energy sector in the United States. Ms. Enkhmaa was appointed as Petro Matad’s Chairperson in 2015.

Mr. Karpuz has over 25 years’ experience in petroleum industry with proven oil finder skills. He joined Petro Matad as the CEO in October 2015. Previously, Mr. Karpuz was the Exploration and Operations Director for Petro Matad from 2012 – 2013.  After his departure from his executive role in 2014, Mr. Karpuz stayed on the Board as a Non-Executive Director while he worked as the Exploration and Reservoir Manager for DNO International in Tunisia.  Earlier,  Mr. Karpuz worked for Austrian listed integrated oil and gas company, OMV, where he spent 5 years as an Exploration and Reservoir Manager working in Iran, Yemen and Tunisia. He has worked for Norsk Hydro, Norway and Endeavour Energy UK & Norway in various roles from expert structural geologist to exploration team leader working in a wide spectrum of offshore and onshore basins worldwide. Mr. Karpuz has a proven track-record of establishing successful exploration and subsurface teams and working in remote and frontier regions. Mr. Karpuz has a BSc in geological engineering degree from Dokuz Eylul University, Turkey and Cand. Scient geology degree from University of Bergen, Norway.

Dr. Oyungerel graduated from the Institute of Petrochemical and Gas Industry, Moscow in 1979. She began her career as an economist at the Ulaanbaatar Oil Terminal and in 1982 became the Chief Economist at the Petroleum Supply Department at the Mongolian Ministry of Transportation where she was employed until 1991. In 1991, she was appointed the CEO of the Petroleum Import Concern of Mongolia and in 1994 became the CEO and Chair of the Board of Directors of the government owned company, Neft Import Company (NIC). In 1996, she founded Petrovis LLC and was the CEO until January 2008 and has been Chair ever since. In January 2007, she completed a doctorate in economics in Moscow, Russia. In 2010, she became a Non-Executive Director of Mongolian Mining Corporation (MMC) which is listed on the Hong Kong Stock Exchange. MMC is a high quality coking coal producer and exporter in Mongolia. On 15 August 2014, she was appointed as the Chairperson of Ard Financial Group.

John Henriksen

Chief Financial Officer (CFO)

Tim Bushell 1

Tim Bushell

Non-Executive Director

Mr. Henriksen has 35 years’ experience in the international oil industry and in April 2012 assumed the role of CFO for the Petro Matad Group, based in Ulaanbaatar. Prior to this he was the Country Manager for Salamander Energy’s Indonesian operations. Prior to Salamander, Mr. Henriksen worked in senior financial roles for VICO, ENI, LASMO, and Hudson’s Bay Oil & Gas, ultimately being responsible for all aspects of financial management, reporting and internal control. A substantial portion of Mr. Henriksen’s career has been spent overseas in developing countries and as a result he has a full understanding of cultural sensitivities and working with local governments and partners. Mr. Henriksen is a qualified accountant and holds a Bachelor of Commerce degree from the University of Alberta in Canada.

Mr. Bushell is a qualified geologist with more than 30 years’ experience in the oil and gas industry. He has worked at British Gas, Ultramar, LASMO, and Paladin Resources. Most recently Tim was Chief Executive Officer at Falkland Oil and Gas Limited and Director/co-founder of Core Energy AS. He is currently serving as a Non-Executive Director on the Board of Rockhopper Exploration PLC and as a Director with Point Resources AS and Redrock Energy Limited.