UK Oil & Gas appoints Sanderson as new CEO

UK Oil & Gas Plc (AIM: UKOG) has appointed Stephen Sanderson as CEO. The role is a non-board position.

Sanderson is a petroleum geologist with over 30 years of global upstream energy sector experience. He has been directly involved in making numerous commercial conventional hydrocarbon discoveries, including the giant Norwegian Smørbukk-Midgard field complex for ARCO (now BP).

In a variety of senior management roles, Sanderson has operated exploration and new venture programs for ARCO, Wintershall AG, and three junior start-ups. His subsurface and operated management experience encompasses Africa, North Sea/Norway, Europe, South America, and the Middle East. He has also led and managed appraisals of several UK Continental Shelf (UKCS) oil and gas fields for ARCO.

Via his recent management roles in Delta Hydrocarbons, ASP, and as an independent consultant, Sanderson has also been involved in the evaluation and acquisition or divestment of upstream producing, appraisal, and exploration portfolios containing over 170 fields with asset values ranging from $10 million to $7 billion.

Sanderson is a graduate and associate of the Royal School of Mines, Imperial College, London; a Fellow of the Geological Society of London; and an active member of the American Association of Petroleum Geologists.

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