Neill Carson, who co-founded i3, will step down from the CEO role and remain with the Company as a Non-executive Director. The Board and i3 team thank Neill for his tremendous commitment to the Company as one of the North Sea’s serial oil and gas entrepreneurs. Under his leadership, i3 has grown from a great idea into an AIM-listed entity with 11 MMBO of 2P Reserves and 69 MMBO of combined 2C Contingent and mid-case Prospective Resources.
Majid has been a Non-executive Director of i3 since July 2017 and has a combined 30 years technical and investment banking experience. He started his career at Mobil Oil Corporation, where he worked for 13 years in various petroleum engineering and commercial roles in the UK and the Netherlands. He has since worked for advisory and investment banking firms, focusing exclusively on the oil and gas E&P sector, including Waterous and Co, Tristone Capital Limited, FirstEnergy Capital and Àrgentil Capital Partners. Majid holds a Bachelor’s degree in Nuclear Engineering from Manchester University, a Master’s degree in Petroleum Engineering from Heriot-Watt University and an MBA from London Business School.
John Woods, who has served with the Company as Chief Development Officer since May 2016, will be appointed as Chief Operating Officer with immediate effect.
