MX Oil has made a string of appointments to its leadership team.
The firm has named Nigel McKim as its new chief operating officer.
He was previously the COO for Nobel Upstream where he was responsible for the company’s technical capabilities and participated in the building of a portfolio of assets in Texas, the UK and Azerbaijan.
Wilhelmus Burgers was named the firm’s technical director. He has spent the majority of his 30-year career as a geoscientist with ExxonMobil. He is expected to be formerly appointed to the board after the relevant due diligence is completed.
Finally, Nicholas Lee, the firm’s current non-executive director, has been named the company’s non-executive chairman.
Chief executive Stefan Olivier said: “The appointment of a COO and Technical Director reflects the rapid progress MX Oil has made. In a short space of time, we have secured, through our JV, four concessions located in a prolific basin in Mexico, all of which have historically produced; and we have also invested in the soon to be producing Aje field, which is expected to commence production this quarter. Whilst we have no control over the oil price, we can control the assets that we invest in and we feel that the projects that we have secured will deliver value. MX Oil is entering a new phase in its development, one which requires a management team with first class technical experience and expertise to oversee our investments. We believe that we have a fantastic team and, in Nigel and Wim, we have added two oil and gas professionals who will be instrumental in delivering on our objective to build a leading oil and gas investing company.
“I would like to take this opportunity to thank Andrew for the invaluable contribution he has made to MX Oil as Chairman. He not only played a key role in relaunching the Company with a new strategy and focus but also his unwavering commitment has been vital in pursuing and securing assets which have company-making potential. He remains a shareholder and a big supporter of MX Oil and we wish him all the best in his future endeavours. This is an exciting period for the Company and I look forward to providing further updates on our progress in due course.”
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