OKLAHOMA CITY -- Devon Energy is combining its International and Gulf divisions into one offshore division. The integration will provide greater focus and efficiency to these areas of operations which have similar scope, technical requirements, and strategy, the company says.
The newly formed Offshore Division will remain in Houston and will be led by senior VP Tony D. Vaughn.
"The decision to combine these two divisions will allow us to better pool our knowledge and resources in offshore exploration and development," says Dave Hager, executive VP of exploration and production. "We continue to view our deepwater strategy as a means to enhance Devon's long-term growth opportunities."