Mediterranean Oil & Gas announce Board appointment

Thursday, March 15, 2012
  • Appointment of Dr. William George ("Bill") Higgs as Chief Executive Officer of the Company, effective Monday 19th March, 2012.

The Board of Mediterranean Oil & Gas Plc (AIM: MOG), the central Mediterranean focused producer, developer and explorer of oil and gas assets, is pleased to announce the appointment of Dr. William George ("Bill") Higgs as Chief Executive Officer of the Company, effective Monday 19th March, 2012.

Bill Higgs has over 23 years of global exploration, development and operations experience working with Chevron Corporation. He is a qualified geologist with extensive expertise in all engineering and other technical and commercial aspects of hydrocarbon development and production. Most recently, as Senior Vice President of Operations in Saudi Arabia/Kuwait, he was responsible for Saudi Arabian Chevron Inc.'s exploration, development and production activities for the onshore Partitioned Zone, which is operated jointly with the Kuwait Gulf Oil Company.

Bill was previously the Chief Strategist for Chevron Corporation, responsible for setting strategy with Chevron's executive leaders. Bill's prior roles at Chevron include Reservoir Manager for Tengizchevroil in Kazakhstan at the start-up of the Sour Gas Injection project and Asset Manager for the BBLT development in Block 14 offshore Angola during the design, construction and early production phases of the development.

Bill's additional roles at Chevron include Business Development and Planning Manager for Sasol Chevron in Australia, Geology Manager for WAPET Exploration in Australia, senior researcher for Chevron's research company in California and lead exploration and development geologist for Chevron UK.

Bill is a BSc graduate in Geological Science from the University of Leeds and holds a PhD in Structural Geology from the University of Wales.

At the same time, Sergio Morandi will step down as Interim Chief Executive Officer and resume his duties as Chief Operating Officer of the Company. The Board would like to thank Sergio for his valuable contribution in this role.

Keith Henry, Chairman, commented:

"We are delighted that Bill has agreed to become our Chief Executive Officer, bringing his extensive experience of international exploration and development to our Board. His broad expertise and proven innovative and strategic leadership will be invaluable to the Company."

Bill Higgs commented: "I am very much looking forward to working with the Board to help grow Mediterranean Oil and Gas. This is a very exciting time for the Company as we have a strong portfolio and there are many additional opportunities within the greater Mediterranean area."

William George Higgs, aged 47, was a director of Saudi Arabian Chevron Inc. prior to his resignation from Chevron Corporation in March, 2012.

Save for the above, there is no further information that is required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies, with respect to the appointment William George Higgs.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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