PERTH (miningweekly.com) - ASX-listed Santos reported on Tuesday that executive vice-president and CFO Peter Wasow would be retiring at the end of 2010.

Wasow has been in the position since 2002, and would remain in his role until the end of the year, or until a successor is appointed to enable an orderly transition of his key responsibilities.

The oil and gas company said in a statement that it has started an executive search to identify an appropriate successor.

“Wasow has worked with enthusiasm and commitment over his career with Santos, and I would like to recognise his strong contribution to this company,” said Santos CEO David Knox.

“I look forward to working closely with Wasow over the remainder of this year, as we implement the funding strategy for the Gladstone liquefied natural gas (GLNG) project.”

The GLNG project will involve piping coal seam gas from Santos’ eastern Queensland fields to a plant at Gladstone, where the gas will be liquefied and loaded to ships for exports.

GLNG will produce 7,2-million tons a year of LNG through two LNG processing trains, with a maximum potential production of ten-million tons a year.

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