Sterling Energy chief executive resigns

Former Sterling Energy CEO Eskil Jersing

The chief executive officer of AIM-listed oil and gas exploration company Sterling Energy has decided to resign from his position.

Sterling Energy said that CEO Eskil Jersing resigned from his position on Thursday, December 21.

The company added that Jersing agreed to stay on and assist the company in a search for his successor and to facilitate an orderly transition.

Sterling will immediately begin a process for the identification and appointment of a new CEO, the company said.

Jersing joined the company in March 2015. He started his career in the oil and gas industry in 1985 as a field seismologist with SSL in Papua New Guinea.

From 1993 to 2009 he worked for Enterprise Oil and, following a takeover, for Shell International initially as a senior geophysicist, moving on to be the Gulf of Mexico exploration strategy and planning manager, and finally as the Gulf of Mexico Paleogene exploration manager.

In 2009, he joined Marathon Oil as exploration manager and subsequently Apache Corporation as director of worldwide exploration and new ventures for the Asia Pacific region. His final post before joining Sterling was head of new ventures and co-head of mergers and acquisitions at Petrobras Oil & Gas BV.

Following the departure of then chairman Nicholas Clayton in October 2016, Jersing also took over the role of Sterling chairman on an interim basis which he held until January 2017 when director Michael Kroupeev was named the chairman.

Kroupeev said: “We thank Eskil for his contributions to the company and for agreeing to assist the board to ensure a smooth handover of all responsibilities. We wish Eskil every success in his future endeavors.”

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