Votes in respect of about 85% of Dublin- and London-listed Petroceltic's shareholders were cast in the resolutions proposed at an extraordinary general meeting in Dublin.

A proposal to remove chief executive Brian O’Cathain was defeated by 61% to 38%.

Worldview Capital Management, which owns around 28% of Petroceltic's stock, also saw its resolutions to appoint two nominees to the board defeated.

The bid to appoint former Schlumberger head of Russian operations Maurice Dijols to Petroceltic’s board was defeated by 50.9%