Tue 13 Jul 2010, 14:02 GMT

Brightoil continues recruitment drive


Supplier seeks chief executive officer as part of its current hiring campaign in Singapore.



Brightoil Petroleum is continuing its massive recruitment drive only weeks after hiring several members of BP's fuel oil trading desk, according to industry sources.

Hong-Kong listed Brightoil is understood to have posted a number of new positions on Singapore website www.jobsdb.com.sg, including jobs in chartering, human resources and risk analysis.

The news follows reports last month that a number of former BP fuel oil traders were leaving BP to join Brightoil, including former BP global fuel oil head Quek Chin Thean, ex-Asia team leader Edmund Lau and U.S. fuel oil team leader Tim Gawne.

Other members of the trading team and support staff who left the oil major are also understood to be joining Brightoil.

Chief Executive

Brightoil is also looking for a chief executive officer for its Singapore office.

According to the job advertisement, originally posted on June 4th 2010 with a closing date of July 3rd 2010, the successful candidate will spearhead the development and production of oil and gas fields in China and the company's marine bunkering/transportation business in Singapore with potential growth into other European markets.

"You shall provide leadership on all phases of upstream projects and business development for marine industry, ensuring profitability. Identify strategies and maximize resources to explore new upstream and business opportunities for marine industry internationally to achieve company growth. Close liaison with external consultants, advisors and contractors to undertake all project evaluation plan. You should be able to lead teams in project scoping / negotiation / contracting activities, operating reviews and / or de-bottlenecking," the advertisement said.

"You will also liaise with relevant stakeholders closely, which includes shareholders, financial institutions/fund manager, local government, joint venture partners and oil major representatives. Lead and manage the commercial and financial aspects of the upstream and marine business, including budgets, expenditure, administration, cost control etc.," the job description added.

CEO Job Requirements

* Masters in Finance, Business Management or other similar disciplines.

* Minimum 20 years of relevant professional management experience in managing company operations of high efficiency with internationalized business opportunities.

* Prior experience in Oil & Gas, energy, Petroleum Trading, Marine Bunkering and Transportation businesses is highly preferred.

* Good understanding of by-laws and relevant legislations in relation to corporate governance and Listing Rules.

* Strong in technical, commercial and financial acumen and capable of performing high standards in financial due diligence, discounted cash flow analysis and ultimate valuations of business assets.

* Exceptional project management, task orientation and presentation skills.

* Excellent interpersonal skills and communication skills.

* Must be a strategic thinker, pro-active, analytical, meticulous, organized and reliable.

* Good command of both English and Mandarin.

* Listing company experience is an advantage.

* Frequent travel to Hong Kong, mainland China and internationally will be required.


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