Geopetrol needs new India manager

Vol 11, PW 12 (18 Oct 07) News in Brief

French explorer Geopetrol might soon be looking for a new country manager following the surprise resignation last week of Edward Wood.

PETROWATCH learns Wood, 37, submitted his resignation on September 28, following disagreements with the Monaco-based head office of Geopetrol over several contentious joint venture issues at the Kharsang oilfield in Arunachal Pradesh, where Geopetrol is operator with Jubilant Enpro through GeoEnpro, a 50:50 joint venture. Wood is believed to have objected to several attempts by Jubilant, particularly in relation to hiring of rigs, to reverse operational decisions taken by the Kharsang JV operating and management committees.

Geopetrol won Kharsang in 1998 and under Wood’s 11 years with the company expanded its portfolio to include one block in Arunachal Pradesh, where it is operator, one block in Mizoram, also in the northeast, and four CBM blocks with Anil Ambani-owned Reliance Energy, where it is also operator.