Watts, Brown to head SOCO International unit

Mike Watts and Jann Brown will head a new business development group at SOCO International PLC, London. They most recently have been joint chief executive officers of Magna Energy Ltd., which they cofounded with private-equity backing to pursue upstream opportunities in South Asia.

Before starting Magna Energy they were executive directors at Cairn Energy.

Watts has been a SOCO nonexecutive director since 2009 and will leave the board to assume the executive position.

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