Seadrill Limited announced on June 6 the appointment of Stuart Jackson as the company’s new Chief Financial Officer, effective upon release from his current employment which is expected by the beginning of August.
Stuart is an experienced finance executive with 20 years of experience in CFO roles at LSE, NASDAQ, OSE and AIM listed companies, including offshore and oil field services experience having served as CFO for Bibby Offshore, CEONA Pte and Acergy SA.
"Stuart has a breadth of experience, deep industry expertise and a strong track record of creating shareholder value through capital market transactions, mergers & acquisitions and driving efficiency,” said Seadrill CEO Anton Dibowitz. “His addition to the team will greatly support the achievement of our strategic plans and we look forward to welcoming Stuart onboard"
Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, the company said.
Output at the largest formation, the Permian Basin of Texas and New Mexico, is expected to rise 57,000 bbl/d to 4.73 MMbbl/d.
Plans are for the well, which was drilled into two untested fault blocks east of the Cashima Field, to be completed by the end of November, the company said.