Petroceltic International appoints Ian Craig as Non-Executive Director

Dublin, IRELAND – Petroceltic International plc, the independent oil and gas exploration development and production company focused on the Middle East, North Africa (“MENA”), the Mediterranean and the Black Sea regions is pleased to announce that Mr Ian Craig has been appointed as a non-executive director of the Company, with immediate effect.

Ian Craig (61) is a Civil Engineer with over 30 years of operational, technical and commercial experience in upstream oil and gas development and production. He began his oil industry career with BP as a sub-sea engineer in the UK North Sea, subsequently progressing through a number of senior roles before being appointed to the board of Enterprise Oil plc as Technical Director from 2000 until its acquisition by Shell in 2002. In 2004 he was appointed CEO of the Sakhalin Energy Investment Company, on behalf of the joint venture consortium of Gazprom, Shell, Mitsui and Mitsubishi where he was responsible for the development of over 4 Billion boe of reserves, from reservoir to consumer, including LNG processing, marketing, and shipping. Following on from this role, Ian served as EVP of Sub Saharan Africa for Shell, where he was responsible for the majority of the Shell Group’s West African reserves until his retirement in April 2013.

In addition to his membership of the board as a non-executive director, an important part of Ian’s role at Petroceltic will be to chair the Project Advisory Committee for the Ain Tsila Project development, the Company’s world-class Gas Condensate Development project in Algeria.

Robert Adair, Chairman of Petroceltic, commented: “We are delighted to welcome a Director of Ian’s commercial, technical and project management experience to our Board. His extensive experience in managing the operational, commercial and engineering aspects of major international exploration projects will be invaluable to the Board and the project team over the coming years as we move into the definition and execution phase of the Ain Tsila Gas Condensate Development Project”.

About Petroceltic International

Petroceltic International plc is a leading Upstream Oil and Gas Exploration and Production Company, focused on North Africa, Mediterranean and Black Sea Regions, and listed on the London Stock Exchange’s AIM Market and the Irish Stock Exchange’s ESM Market. The Company has production, exploration and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy and Greece.

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