Atlantic Petroleum has announced the appointment of Graeme Fawcett as its interim chief executive officer.
Fawcett will replace Ben Arabo, who is set to leave the company on 1 December 2017.
With over 30 years’ experience in the oil and gas sector, Mr Fawcett has worked on assets in Europe, Asia and Australia.
Mr Fawcett’s also previously worked for Total, Tullow Oil and Technip.
Previous to this new appointment he was in position as an advisor for London Power Corporation.
Birgir Durhuus, chairman of Atlantic Petroleum, said: “We are very pleased to welcome Graeme Fawcett to Atlantic Petroleum. The company has gone through a period where the focus was to monetise the remaining main asset and to manage liabilities.
“The focus for the new Interim CEO is to evaluate the strategic options Atlantic Petroleum has including M&A options or a sale of the company. We are encouraged by the improving market conditions and we look forward to benefit from Graeme’s wealth of experience. We look forward to updating the market further when Graeme Fawcett takes up his position.”
Recommended for you
