Mr Jones joined Neptune in August 2018 and has overseen the growth of the UK business, including the sanctioning and development of its Seagull project, which is due for first production in 2021.
The company also announced that Philip Lafeber will join the executive management team in his current role as VP of Operations for North Africa and Asia Pacific. Both roles will report to Jim House, CEO of Neptune.
Bruce Webb, VP of Operations, will leave the business, having established safe, reliable operations across the company and having played a crucial role in achieving first production at the Touat gas development in Algeria.
Jim House, CEO of Neptune, said: “Pete’s energy, passion and vision have been key to driving success in our UK business and we look forward to him growing our European operations, which include key projects in the UK and Norway.
“By splitting the global operations role, we will bring enhanced focus on our key regions at an important time for the business that will see us delivering an extra 100 kboepd in the coming years.”
The process for appointing a new Managing Director for the UK is underway. In the interim, Mr Jones will continue to oversee operations in the country.
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About Neptune Energy
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. Neptune had production of around 160 thousand net boe per day in 2018 and 2P reserves at 31st December 2018 of 638 million boe. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
For further information please visit: www.neptuneenergy.com