North Sea fledgling Talon appoints former Nautical Petroleum CEO

Fledgling North Sea explorer Talon Petroleum has appointed an expert in the region to its board.

Stephen Jenkins was founder and CEO of Nautical Petroleum, which was acquired by Cairn Energy for £414m in 2012.

Talon is headquartered in Perth, Western Australia and listed on the Australian Stock Exchange, but focussed on North Sea exploration after entering the market last year.

As head of Nautical Petroleum, Mr Jenkins worked on pre-development of several high-profile projects in the basin, including Kraken, Mariner and Catcher.

As a former director of Oil and Gas UK, Talon said he will use his strong networks to help boost the company, including those he developed as part of the Wood Review Implementation Group.

He is currently chairman of the UK Oil and Gas Independents Association, as well as being non-executive chairman of Savannah Petroleum and Terrain Energy.

Stephen Jenkins is former founder and CEO of Nautical Petroleum

Mr Jenkins was also a founding shareholder and director of EnCounter Oil plc, which was acquired by Talon.

Talon non-executive chairman Peter Stickland said: “We are very pleased to welcome Stephen Jenkins to the Board of Talon as we continue to advance our UK North Sea strategy.

“Stephen brings a wealth of experience and success in the UK North Sea. In addition to his broad mix of technical and commercial skills, Stephen has a strong network base within industry, capital markets and government, all of which I am sure will come to the fore as we look to substantially grow the presence of Talon in the region.”

Talon has been building up a portfolio of assets in the region since taking its first 10% stake in the Curlew-A discovery last year.

The firm has been committed to build a “compelling portfolio of UK North Sea opportunities”.

At the start of this year, the company struck a deal to acquire EnCounter Oil, which closed in May, doubling its North Sea portfolio.

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