Mr. Bseisu’s goal is to turn EnQuest into a global company, pump up the share value, maybe sell the company and live well in his new adopted country – there is no going back to Palestine. “Success is measured by your internal happiness, and I am very happy,” he says.
* Born in Jerusalem in 1963, the son of a banker.
* Holds passports from Bahrain and Britain.
* Married to Suha, a Palestinian Shia Muslim (Bseisu is Sunni), who is an artist and interior decorator; they met at a wedding in Amman, Jordan.
* Two young children, a boy and a girl.
* Moving into former schoolhouse in Knightsbridge, London.
* Denies he’s a billionaire, but admits he’s “clos.e”
* Speaks English, French and Arabic.
* Spent more than half his career at Atlantic Richfield Co. in Texas, where he pushed the company into Algeria.
* Joined oil services and engineering company Petrofac in 1998 and developed its energy investment business.
* Created EnQuest PLC in 2010 from merger of Petrofac’s and Lundin’s North Sea oil assets.
* Owns 9.5 per cent of EnQuest.
IN HIS OWN WORDS
On Israel and Palestine:
“I want the Palestinians to have the same rights as everyone else who lives there … I don’t believe in a two-state solution. I want a one-state solution with equal rights for everyone.”
On Enquest’s North Sea strategy:
“Our business model is a scavenger model.”
On why he likes the oil industry:
“It’s the juxtaposition of commercial, politics, scientific, technical. It requires a wide breadth of experience and skills.”
On oil prices:
“Much beyond $130 [a barrel] is not sustainable in the long term because it’s elastic and you would see a reduction in demand.”
On London, his adopted city:
“London is more accepting of everyone. It’s the most international city and liberal in its approach.”