BP E&P boss Inglis to step down from Russian unit

By Tom Bergin

LONDON, Sept 11 (BestGrowthStock) – BP Plc said its (BP.L: ) head of
exploration and production, the unit responsible for the Gulf of
Mexico oil spill, is to step down from the board of BP’s Russian
joint venture, TNK-BP.

A BP spokesman said on Saturday that Andy Inglis was
stepping down to make way for outgoing BP Chief Executive Tony
Hayward, who was nominated to the TNK-BP board as part of an
exit package agreed in the wake of the United States’ worst oil
spill.

Some BP insiders have said Inglis might be forced out of his
position atop BP’s core production unit following the blown-out
well disaster, which has prompted U.S. lawmakers to accuse BP of
fundamental shortcomings on safety in its drilling operations.

But spokesman Andrew Gowers said Inglis retained the full
support of BP’s board.

“The decision to nominate Tony to the TNK-BP board required
another director to make way, and Andy has had quite a few
things on his plate recently,” Gowers said.

TNK-BP pumps around 2 million barrels per day and is
Russia’s third-largest oil producer.

Inglis has taken a leading role in the effort to permanently
seal the leaking Macondo, on which a temporary cap was fitted on
July 15.

BP has promised to take a “hard look” at itself following
the oil spill, and employees expect some big changes beyond the
departure of Hayward, who angered the U.S. public with a series
of gaffes following the accident.

American Bob Dudley, who is currently heading the spill
response effort, will replace Hayward on Oct. 1.

In addition to questioning the future of Inglis, some
staffers have said Doug Suttles, Chief Operating Officer of BP’s
Exploration and Production unit, could also be in the line of
fire.

Gowers said Suttles also retained the support of the BP
board.

BP E&P boss Inglis to step down from Russian unit