INTEROIL Corporation has appointed former Woodside Energy executive Jon Ozturgut as chief operating officer and Donald Spector as chief financial officer.

Mr. Ozturgut, a senior executive with 27 years’ international oil and gas experience with Atlantic Richfield Company, CMS Oil and Gas Company, and Woodside, replaces William J. Jasper III, who is retiring after seven years as COO.

Mr Ozturgut will also take responsibility for mergers and acquisitions, and new business development.

Mr Spector, a senior executive with more than 35 years’ international financial experience, including 30 years in oil and gas, replaces Mr Collin Visaggio. Mr Visaggio is retiring after a long stint with InterOil.

As part of his new role, Mr. Spector will oversee InterOil’s investor relations team.

InterOil chief executive Dr. Michael Hession thanked Mr Jasper and Mr Visaggio for their important contributions to the company.

“We now need people of the calibre and experience of Jon and Don to step into these important roles at this crucial time for the company,” he said.

“InterOil has significant resources, large and prospective exploration acreage, and is developing a large LNG project with Total. These appointments reflect our determination to assemble a world-class team to extract full value from these assets and realise our vision as a regional LNG player.”