The world's eighth largest oil company Eni is restructuring its in-house legal department as part of a UK shake-up aimed at cutting costs.
Legal counsel Richard Shoylekov has been made business development and legal manager of Agip UK, the oil and gas exploration and research subsidiary of the Italian oil producer.
Agip UK uses a number of law firms, including Freshfields, Norton Rose, Simmons & Simmons and CMS Cameron McKenna for corporate, commercial and employment work. Shoylekov will now head the commercial negotiations and gas trading departments as well as the legal function.
The move leaves the legal counsel position vacant. Shoylekov says he hopes to appoint one of the five in-house lawyers to the post.
He says: “The opportunity came up as a result of someone moving on within the organisation. We are reducing costs because of our current portfolio, but our activity will expand. We are not losing any lawyers but have just recruited Mary Simmons from Norton Rose and are recruiting another lawyer from a City firm.”