Trinity adds new senior non-executive director

Independent E&P company Trinity Exploration & Production has appointed a new senior independent non-executive director.

Trinity said on Wednesday that Nicholas Clayton was named the new senior independent non-executive director with immediate effect.

Clayton was also appointed as the chair of the Remuneration Committee and as a member of the Audit Committee.

He previously provided strategic and corporate finance advice to, and has been a non-executive director of, a number of public and private oil and gas companies since 2007.

Before that, Clayton held a series of senior oil and gas corporate finance roles, including global co-head of oil and gas corporate finance for Canaccord Adams and global head of oil and gas corporate finance for Dresdner Kleinwort Wasserstein.

He started his career with BP, before moving into financial services where he specialized in the oil and gas sector.

Clayton brings 37 years of experience in the oil and gas sector to the board as a director and as an adviser. He currently serves as a non-executive director of Alpha Petroleum Resources.

Within the last five years, he previously held directorships or partnerships in Yellowstone Environmental Services, Sterling Energy, and Circle Oil.

Bruce Dingwall, executive chairman of Trinity, said: “I am delighted to welcome Nick to our board. The breadth and depth of his sector specific advisory experience will provide the board with additional perspective and combined with our existing board members, strengthens the industry, M&A, and capital markets experience as we continue to grow and develop Trinity’s asset portfolio.”

In recent company news, Trinity submitted the first phase of its field development plan for the TGAL Area, located on the Galeota Block, offshore Trinidad, to the country’s Ministry of Energy and Energy Industries.

The FDP, submitted earlier this month, is the first phase of a potential wider step-out development moving across the Galeota anticline to fully develop the reserves potential from the large volumes of oil in place which stand at around 700 mmbbls.