A new chief executive has today taken on the top job at North Sea operator Repsol Sinopec Resources UK.
Jose Luis Munoz, a long-time employee of Spain’s Repsol, said his first priority would be to ensure the health and safety of the firm’s workers and contractors as it faces “challenging conditions” with the oil price drop.
He replaces Bill Dunnett who stood down as CEO as planned following the end of his contract on March 31.
Mr Munoz joined Repsol in 2005 and has most recently acted as managing director of its UK business unit in Aberdeen, also serving as part of Repsol Sinopec’s executive committee.
He said: “I am very pleased to be taking up the position of CEO. We are facing significantly more challenging conditions today, of course, than when my appointment was confirmed earlier this year. My first priority will be to ensure the continued health and safety of all Repsol Sinopec personnel, and of the many contractors who support our operations.
“In due course I look forward to developing the considerable potential of this business. I know from direct recent experience just how capable and resilient the Repsol Sinopec team is; and it will be my pleasure to work with them and with all of our stakeholders to ensure we generate continued value from our North Sea portfolio for many years to come.
“I would like also to take advantage of this opportunity to thank Bill Dunnett for his five years’ service as CEO, and for his huge contribution to turnaround the business.”
RSRUK is the UK joint venture between Spain’s Repsol and China’s Sinopec Group, headquartered in Aberdeen, with 11 offshore installations, two onshore terminals and interests in 51 North Sea fields.
Mr Munoz, from Salamanca in Spain’s Castilla y Leon region, is married with two children and holds qualifications from the Universities of Leon and Limerick, Instituto de Empresa and IEB in Madrid.