IOG Appoints Peattie as Chairman
Independent Oil and Gas plc announced Friday the appointment of David Peattie as chairman and Andrew Hay as senior independent non-executive director, with immediate effect.
Peattie has over 35 years of industry experience and previously held the role of CEO of Fairfield Energy, an oil and gas company owned by a syndicate of North American and European private equity investors, led by Riverstone and Warburg Pincus. Peattie began his career at BP in 1979 as a petroleum engineer and during his 33 year tenure at the company held a number of technical, commercial and senior management positions including Head of BP Russia responsible for BP’s interests in TNK-BP as well as its businesses in the Russian Arctic and Sakhalin.
“We look forward to welcoming David and Andrew to the board of Independent Oil and Gas. David brings a deep sector knowledge and strong track record to IOG and his significant oil and gas expertise will be of considerable value to the company at this important stage in our journey, and in particular with our development and M&A plans,” said Mark Routh, CEO of IOG, in a company statement.
The drilling of the appraisal well on the Skipper license, of which IOG is 100 percent owner and operator, successfully spudded on July 23 and is continuing on schedule. The company does not expect to issue any further announcements until the initial well results become available by approximately mid-August.
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