Athabasca Oil Corporation co-founder Sveinung Svarte steps down

摘要

Athabasca Oil Corporation president and chief executive officer Sveinung Svarte will be retiring effective September 30 and will be replaced by Thomas Buchanan, the current chair. "Now that we have successfully completed the closing of the PetroChina deal, I feel that it's time...for me to turn over the leadership to Tom," Svarte said during a conference call to announce the changes and an increase to the company's tight oil capital budget.