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Exclusive: Cnooc MD Riddoch quits firm

Mr Qing replaces Ray Riddoch, who stood down as MD of Cnooc's North Sea business earlier in the year.
Mr Qing replaces Ray Riddoch, who stood down as MD of Cnooc's North Sea business earlier in the year.

China National Offshore Oil Corporation (Cnooc) International’s UK managing director and senior vice president for Europe and Africa, Ray Riddoch OBE has quit the firm.

Mr Riddoch had been at the helm of the Chinese operator for nearly five years as MD and vice president of Europe and Africa having started with the firm in 2013 after it acquired Canadian firm Nexen in a £9.4 billion deal.

It is understood Cnooc, who confirmed the departure, has not yet selected a replacement for the 59-year-old.

Mr Riddoch was made an OBE in 2018 for his services to the energy sector.

A spokesman for the Chinese firm said: “We can confirm that Ray Riddoch has decided to leave Cnooc International.

“We thank him for his contributions to growing our Europe and Africa business.”

Mr Riddoch has more than 35 years’ experience in the industry, working for a number of major exploration and production companies.

Starting out at Occidental Petroleum and Elf, he then became operations manager for French oil and gas giant Total’s Elgin Franklin fields.

He is currently a co-chairman of trade body Oil and Gas UK, a director of the Oil and Gas Technology Centre and the Scottish Council for Development and Industry.

Mr Riddoch is a member of a steering committee at the Oil and Gas Authority and a past member of the Scottish Government’s Energy Taskforce.

In 2017, Mr Riddoch was appointed as a Fellow of the Energy Institute and the HRH Prince of Wales’ Ambassador in Scotland for business in the community.

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