Reuters: Britain starts hunt for head of new oil regulator

Britain has started the hunt for a leader of its newly created oil and gas regulator, seeking an individual who will be paid more than the Prime Minister to help Britain extract as much oil and gas as possible from the North Sea.

The Department of Energy and Climate Change officially opened applications on Thursday for the role of Chief Executive Officer at the Oil and Gas Authority, a new regulator which will be based in Aberdeen.

The government is looking for an "inspirational and visionary leader" who will establish the regulator and run it for at least three years, the candidate brief said.

Britain is facing a continuous decline in North Sea oil and gas output as old fields run out of easily reachable resources and big oil spenders invest in new frontier markets instead.
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