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Mr. McFarland has over 48 years of experience in the oil and gas industry. He is a co-founder of, and has been director of, Valeura Energy Inc. (a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Turkey) since April 2010 and served as President and CEO, until his retirement in December 2017 and a consultant thereafter to November 2020. Prior thereto, Mr. McFarland served as President and CEO, director and co-founder of Verenex Energy Inc. from 2004 until its sale in 2009. From 1999 until 2004, he served as Managing Director of Southern Pacific Petroleum N.L. in Australia. From 1995 until 1998, Mr. McFarland served as President and Chief Operating Officer of Husky Oil Limited. From 1972 until 1995, he held various leadership positions in his initial 23-year career with Imperial Oil Limited and other Exxon affiliates in Canada, the U.S. and Western Europe. Mr. McFarland has been a director of various public and private entities including Pengrowth Energy Corporation (until January 2020) and Arrow Exploration Corp. (until January 2020) and currently serves on the board of directors of the Canadian National Committee of the World Petroleum Council (WPC) and on the Congress Program Committee of the WPC international organization.

Mr. McFarland received a Bachelor of Science (Honours) (Chemical Engineering) from Queen's University at Kingston, a Master of Science (Petroleum Engineering) from the University of Alberta, completed the Executive Development Program at Cornell University, received the designation of Professional Engineer in 1974 and is a member of the Institute of Corporate Directors. In 2003, Mr. McFarland was awarded the Australian Centenary Medal for Outstanding Service through Business and Commerce.