Belfast Telegraph

Ulsterman is appointed the new chairman of top oil firm

By clare weir

A Northern Ireland man has been given the top spot at an international oil and gas firm.

Circle Oil Plc has appointed of 55-year-old Steve Jenkins (above) as chairman.

Steve holds a BSc Geology degree from Queen's University, Belfast and an MSc in Petroleum Geology from the Imperial College of Science and Technology, London. He is chairman of the Oil and Gas Independents Association.

He was previously employed by Nautical Petroleum Plc from April 2005 to December 2012 and was chief executive from April 2005 to August 2012 during which the company enjoyed a successful drilling programme in the North Sea, including a number of important oil discoveries.

Mr Jenkins also saw the company listed on the Alternative Investment Market (AIM) stock market and was in charge during the successful sale of Nautical to Cairn Energy for £414m.

Between 1992 and 2003, Steve was business development manager for Nimir Petroleum, a private Saudi Arabian company with extensive production and exploration interests in South America, Europe, North Africa, Middle East, Central Asia and Russia.

Nick Clayton, the interim chairman of Circle Oil, who will return to his role as a non-executive director following Steve's appointment said that the appointment represents a landmark event for the company.

"Steve has a wealth of technical, city and management experience and is therefore an ideal candidate to work with the executive team and the board to steer the company through the next phase of development and growth," he said.

Chris Green, the chief executive of Circle, added: "In Steve Jenkins we have a highly qualified and respected new chairman. I look forward to working with Steve as we enter an exciting time for Circle and its stakeholders."

Circle Oil has a portfolio of assets in Morocco, Tunisia, Oman and Egypt.

Its shares were listed on AIM of the London Stock Exchange October 2004.

Circle is incorporated in the Republic of Ireland and retains its registered office in Limerick, with a technical services team based in Berkshire.

It describes its oil exploration and production work as "a combination of low-risk near-term production" with "significant exploration upside potential".

Belfast Telegraph