We were surprised at the termination, the company said. Chairman Paul Haseldonckx will take over E&P operations until Hill's replacement is found. Deminex has developed an E&P strategy which has seen it build a portfolio in Britain, Norway, Syria, Argentina, Egypt, Indonesia and the former Soviet Union. The company is operator on behalf of foreign contractors working with the Egyptian General Petroleum Corporation in a joint venture company.
E&P chief leaves Deminex
PETER HILL, head of worldwide exploration and production at Deminex for the past two and a half years, is resigning from the company. A Deminex spokesman confirmed that Hill would be leaving the German firm at the end of October for personal reasons.
11 October 1997 0:00 GMT
Updated
11 October 1997 0:00 GMT