Northern Petroleum Welcomes New Finance Director
Northern Petroleum announced that Nigel Wright has been appointed Finance Director and to the Board of Directors. Based in
London, Nigel will join Northern on April 12, 2010 and will bring with him a wealth of experience in the petroleum industry. He will take over the role from Chris Foss who has held that responsibility since 2005. Nigel has previously been the Chief Financial Officer of substantial multinational oil and chemical businesses.
Chris will redeploy his seven years of experience at Northern to the newly created role of Director of Legal & Corporate Affairs and will inter alia assist the Managing Director in the implementation and delivery of the corporate strategy plan. Chris will also continue in his role as Company Secretary.
Commenting on the appointment, Richard Latham, Chairman, Northern Petroleum Plc said, "I am delighted to welcome Nigel to the Board. He joins us at a time of increasing activity as the Company builds upon the commissioning into production of the Grolloo and Geesbrug gas fields last year and now proceeds with plans to develop nine further oil and gas discoveries as well as expansion plans at Geesbrug."
Derek Musgrove, Managing Director commented, "Nigel's appointment will allow Chris to redeploy and better enable us to meet the requirement for an intense effort to make a considerable expansion to our initial production position in The Netherlands. It is also a period when we will be drilling onshore in the UK and increasing both our corporate and operational activities on our large license position in Italy. I look forward to working with him."
"Utilizing Chris' knowledge of Northern and his track record of project delivery will also be invaluable as we seek to further expand and grow the Company," added Derek Musgrove.
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