Premier Oil CEO to Step Down

UK independent Premier Oil announced Tuesday that CEO Simon Lockett has notified it that he intends to step down. Lockett has agreed to remain CEO until a successor has been identified and appointed, Premier added.

Lockett said in a statement:

"It has been a privilege to lead Premier during a transformational period in the company's history, through the global financial crisis and Premier's 75-year anniversary. Building a world class independent exploration, development and production company takes vision, dedication and passion, and I have attempted to bring these to my time as CEO of Premier.

"We can be proud of what we as a team have achieved but, after nine years, I believe now is an appropriate time for a change in leadership as the business moves into its next phase. I am also looking forward to pursuing new business opportunities but in the meantime will continue to devote all my energies to ensuring the continued success of Premier."

Premier Chairman Mike Welton added:

"I would like to thank Simon on behalf of the board, shareholders and staff for his enormous commitment and contribution to Premier over the past 9 years. The board wishes Simon well as he moves on to new ventures and thanks him for acting to ensure a smooth transition for the business until his successor is appointed."

Premier is an independent international oil and gas firm with a focus on the North Sea and South East Asia.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
Law IT Technical Analyst
Expertise: Legal|Technical Manager
Location: Houston, TX
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours