A member of the team that founded the North Sea operator, Siccar Point Energy, has joined the board of IGas as an independent non-executive director.
Doug Fleming, 52, was most recently chief financial officer at Siccar Point Energy. The business went from start-up in 2014 to production of about 9,000 barrels of oil equivalent a day (boepd), before it was sold to Ithaca Energy in 2022.
Before that, Mr Fleming had senior roles at Centrica Energy E&P and Venture Production plc.
IGas’s interim executive chairman, Chris Hopkinson, said:
“I am delighted we have brought in someone of Doug’s calibre and experience to the Board. Doug brings senior expertise drawing on 27 years’ working in E&P, corporate banking and venture capital.”
Mr Fleming described this as an “exciting time” for IGas:
“I am very pleased to be joining IGas and bringing my experience to the team. It is an exciting time for the company – the company’s cash generative oil and gas production gives it an excellent platform from which to drive its growing geothermal business.”
- IGas’s chief executive, Stephen Bowler, left suddenly in September 2022 after seven years.