Irish explorer Circle Oil has named former Nautical Petroleum chief Steve Jenkins as its new chairman.
Jenkins was chief executive of Nautical through its AIM listing and eventual sale to Cairn Energy in 2012 for £414million.
He was previously a consultant and founder member of the Nautical management team that identified and applied to operate the Kraken North Sea field.
The 55-year-old, who joins from today, will replace interim chairman Nick Clayton, who returns to his previous role as non-executive director.
“The appointment of Steve Jenkins represents a landmark event for Circle and I am absolutely delighted to welcome him as the new chairman,” said Clayton.
“He has a wealth of technical, City, management and MENA experience and is therefore an ideal candidate to work with the executive team and the board to steer the company through the next phase of development and growth.”
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