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Premier Oil Plc
Crude Petroleum And Natural Gas United Kingdom
Listed in: : Oil, Gas & Energy
Company Description
Premier Oil plc is a UK-listed upstream oil and gas company with current interests in nine countries around the world. The company has significant operations in the North Sea (UK and Norway) as well as presence in Asia, and the Middle East/Africa/Pakistan with a reserve and resource base of over 500 mmboe, which is currently producing around 60 kboepd (as of 31 December 2011). The Company is targeting growing production to 75 kboepd run rate by year end 2012 and 100 kboepd run rate in the medium term from existing known projects.
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Executives
- Mike Welton, Chairman
- Mike Welton, joined Premier’s Board in June 2009 as a non-executive director and became Chairman in October 2009. Mr. Welton is also Chairman of Southern Water Services Ltd and a director of Morrison Utility Services and High Speed Two, the government owned LLC set up to examine high speed rail connections between London and the West Midlands. He sits on the advisory board of Montrose Associates. Mr. Welton was previously Chairman of Hanson plc (2005-2007), the Turkish/British Business Council and the UK Government’s Railway Sector Advisory Group. He was also Chief Executive of Balfour Beatty plc (1999-2004). Mr. Welton is the Chairman of Premier’s Nomination Committee.
- Simon Lockett, CEO
- Simon Lockett, Chief Executive, joined Premier in January 1994 from Shell and has worked in a variety of roles for Premier, including the management of investor relations, as Commercial Manager in Indonesia and as Country Manager in Albania. He became a member of the Premier Board in December 2003 as Operations Director. He was appointed Chief Executive in March 2005. Mr. Lockett is a member of Premier’s Nomination Committee.
- Tony Durrant, FD
- Tony Durrant, joined Premier in June 2005. After qualifying as a chartered accountant with Arthur Andersen, he joined Lehman Brothers in London, initially as an oil sector analyst. He joined the investment banking division of Lehman in 1987 and from 1997 was a Managing Director and Head of the European Natural Resources Group. In this role, he managed both client relationships and numerous transactions for a variety of European and North American clients. He joined the Premier Board in July 2005 as Finance Director.
- Robin Allan, Asia director
- Robin Allan, joined Premier from Burmah Oil in July 1986, working initially as a geologist. After technical and new venture roles he spent six years in South East Asia, initially managing Premier’s Asian existing and new venture business and later becoming Premier’s Country Manager in Indonesia. He became a member of the Premier Board in December 2003 as Director of Business Development. Mr. Allan returned to Asia in 2009 as Director – Asia, and manages the Asian portfolio from the Singapore office.
- Neil Hawkings, Operations director
- Neil Hawkings joined Premier in May 2005 after more than 20 years with ConocoPhillips where he worked in a variety of engineering, commercial and management roles around the world, undertaking assignments in the UK, Dubai and Indonesia. He joined the Premier Board in March 2006 as Operations Director.