Eskil Jersing gets out Sterling’s check book before leaving for Wentworth

摘要

Jersing gets out Sterling's check book before leaving for Wentworth Even though it has been official for months that Sterling Energy's CEO Eskil Jersing will be leaving to head Wentworth Resources ( AEI 809), he is proving to be very much in charge of the junior until he switches over in the second quarter of 2018. His latest mission was to deal with pending issues in Mauritania. He needed to come to an amicable agreement over the conditions for rehabilitating the Chinguetti site, which closed in December 2017. Mauritania's minister of oil Mohamed Ould Abdel Fettah and the Societe mauritanienne des hydrocarbures et de patrimoine minier (SMHPM) had required that a fund was set up by the partners of the deposit operated by Petronas to deal with the decommissioning. Sterling Energy negotiated to pay a single set sum of $32.6 million to the Mauritanian State. Jersing also needs to find a means to shed the company's stake in block C-10 (13.5%) that it purchased from Tullow Oil in 2015. As the firm did not carry out all of the work required in the second exploration phase it had to cough up a $1.1 million fee.