Tap Oil chooses non-executive director as new chairman

  • Business & Finance

Australia’s oil and gas exploration and production company Tap Oil has appointed one of its non-executive directors to the position of chairman.

Tap Oil said on Friday that Chris Newton was appointed to the chairman position, effective immediately.

Newton is a geology graduate from the University of Durham, England and also holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia (SIA).

He has had a 39-year career in oil and gas covering exploration, development, production and petroleum economics, strategic planning, business development, and senior leadership.

Newton spent more than 25 years in senior resource industry roles in South East Asia including as a managing director of Fletcher Challenge in Brunei and of Shell Deepwater Borneo, president of Santos’ Indonesian operations, and CEO of Jakarta-listed oil and gas company EMP.

In 2010, Newton co-founded Singapore-based Risco Energy and successfully drove its operations and business development functions.

He was an active director of the Indonesian Petroleum Association (IPA) between 2003 to 2008, including serving as president from 2004 to 2007. Newton is also a non-executive director of ASX-listed Lion Energy and remains the oil and gas advisor to the Jakarta-based Castle Asia Group.

In recent company news, Tap Oil appointed Kamarudin bin Baba as a new non-executive director of the company, effective February 6.

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