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BG appoints Derek as new country manager for India

Agencies

Posted: 2008-11-21 16:56:32+05:30 IST
Updated: Nov 21, 2008 at 1656 hrs IST

New Delhi, November 21:: BG Group of UK has appointed Derek Fisher as the new country manager of India in place of Kapil Garg, who has quit the company.

Derek Fisher will be the new Asset General Manager, an acronym for country head, for BG India, a company press statement said.

It, however, did not say when and why Garg quit BG India. "Derek Fisher has extensive experience in exploration and production, power generation and transmission and distribution. He has been the AGM for BG Tunisia since April 2004, during which period he led the sanctioning and building of the major Hasdrubal project, due on stream in 2009," it said.

Fisher was previously the AGM for BG South East Asia and the AGM for BG Philippines. As AGM for BG India, he will be based at BG India's headquarters in Mumbai.

Prior to joining BG Group in 1998, Derek held a range of senior management posts in the energy and infrastructure sectors with experience across Asia, including India.

BG holds 30 per cent stake in the Panna/Mukta oil and gas fields and the Tapti gas field, off the west coast. In 2007, the combined PMT fields produced around 45.6 million barrels of oil equivalent, representing approximately 10 per cent of India's total oil and gas production.

In 2006, BG acquired a 45 per cent interest in exploration block KG-OSN-2004/1 in the Krishna-Godavari Basin off the Eastern India coast and in February 2008 the Group signed two farm-in agreements with Oil and Natural Gas Corp (ONGC) to acquire a participating interest in two eastern India deep water blocks.

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