EnQuest PLC Board Appointment (9491S)
March 15 2019 - 2:01AM
UK Regulatory
TIDMENQ
RNS Number : 9491S
EnQuest PLC
15 March 2019
Board Appointment
15 March 2019
EnQuest PLC ('EnQuest') is pleased to announce its intention to
appoint Howard Paver as a Non-Executive Director of the EnQuest
Board with effect from 1 May 2019. On joining the Board, Howard
Paver will become a member of the Remuneration and Audit Committees
and stand for election at the Company's Annual General Meeting in
May.
Howard has 40 years' global experience in E&P and was
previously SVP, strategy, commercial & business development at
Hess.
Jock Lennox, Chairman of EnQuest:
"I am delighted to welcome Howard Paver to the Board of EnQuest.
He has many years of industry experience as a petroleum engineer
and I look forward to working with him as a member of the
Board."
Howard Paver's Biography:
Howard Paver holds an MSc from Imperial College in Petroleum
Engineering and an MA Chemical Engineering from Cambridge
University. Howard is a petroleum engineer with 40 years' global
experience in E&P, including 20 years at senior executive
level. He most recently served as SVP, strategy, commercial &
business development at Hess, a role he took up in July 2013,
having joined the company in 2000 as SVP, north sea /
international. Between 2005 and 2013 he held the position of SVP,
global new business development. Prior to this he spent five years
at BHP Petroleum, first as regional president, Europe, Russia,
Africa & Middle East, and subsequently as president, global
exploration & alliance development, having previously spent one
year as general manager at RAG Austria. Howard began his
professional career at Schlumberger.
This announcement is made pursuant to paragraph 9.6.13R of the
Listing Rules of the UK Listing Authority ('UKLA'). There are no
other disclosures to be made pursuant to the paragraph 9.6.13R
(1)-(6) of the Listing Rules.
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Amjad Bseisu (Chief Executive)
Jonathan Swinney (Chief Financial Officer)
Stefan Ricketts (Company Secretary)
Ian Wood (Communications & Investor Relations)
ENQUEST
EnQuest is an independent production and development company
with operations in the UK North Sea and Malaysia. The Group's
strategic vision is to be the operator of choice for maturing and
underdeveloped hydrocarbon assets by focusing on operational
excellence, differential capability, value enhancement and
financial discipline.
EnQuest PLC trades on both the London Stock Exchange and the
NASDAQ OMX Stockholm. Its UK operated assets include
Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater
Kittiwake Area, Scolty/Crathes Alma/Galia and Kraken; EnQuest also
has an interest in the non-operated Alba producing oil field. At
the end of December 2018, EnQuest had interests in 18 UK production
licences and was the operator of 16 of these licences. EnQuest's
interests in Malaysia include the PM8/Seligi Production Sharing
Contract and the Tanjong Baram Risk Services Contract, both of
which the Group operates.
Forward-looking statements: This announcement may contain
certain forward-looking statements with respect to EnQuest's
expectation and plans, strategy, management's objectives, future
performance, production, reserves, costs, revenues and other trend
information. These statements and forecasts involve risk and
uncertainty because they relate to events and depend upon
circumstances that may occur in the future. There are a number of
factors which could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements and forecasts. The statements have been made with
reference to forecast price changes, economic conditions and the
current regulatory environment. Nothing in this announcement should
be construed as a profit forecast. Past share performance cannot be
relied on as a guide to future performance.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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