Oil and gas company Atlantic Petroleum has found an interim replacement for its departing CEO Ben Arabo.
Arabo tendered his resignation from the role back in late September with a commitment to stay in the company by December 1.
The oil company said on Wednesday it has appointed Graeme Fawcett to replace Ben Arabo as Interim CEO when Arabo leaves the company.
Fawcett has got more than 30 years’ experience in the oil and gas industry working on assets in Europe, Africa, Asia and Australia for a multitude of companies such as Total, Tullow Oil and Technip. He has been an adviser to London Power Corporation since July 2017.
Birgir Durhuus, Chairman of Atlantic Petroleum, said: “We are very pleased to welcome Graeme Fawcett to Atlantic Petroleum. The company has gone through a period where the focus was to monetize the remaining main asset and to manage liabilities.
“The focus for the new Interim CEO is to evaluate the strategic options Atlantic Petroleum has including M&A options or a sale of the company. We are encouraged by the improving market conditions and we look forward to benefit from Graeme’s wealth of experience.”