Sterling Energy

Board of Directors

Diligence. Experience. Integrity.


Chief Executive Officer

David Marshall

David joined the Company in June 2018. He has 35 years' experience in Oil and Gas Production and Development specialising in technical solutions for accessing production from stranded assets.

He has held managerial positions in onshore oil and gas drilling and production operations in Tunisia and Turkmenistan, and offshore in the North Sea, Gulf of Mexico, Gabon, the Middle East, Egypt and Holland. More recently David served as CEO of DEO Petroleum Limited, prior to its acquisition by Parkmead. He subsequently worked for Enquest in Egypt prior to becoming Chairman of Arenite Petroleum and Director of Boreas resources.

David holds a Master's Degree in Petroleum Engineering from Heriot Watt University and a Bachelor of Science Honours Degree in Civil Engineering from Glasgow University.


Non-Executive Chairman

Michael Kroupeev

Michael, who joined Sterling Energy's Board as a Non-Executive Director in May 2016, was appointed as the Non-Executive Chairman of Sterling Energy in January 2017. He is a member of the Nominations committee.

Mr Kroupeev has 21 years’ experience working within the exploration and production sector. After University in both Russia and the United Kingdom, he began his career working for Dana Petroleum plc as a Director in 1994. In 1995, Mr Kroupeev founded Waterford Finance and Investment Limited (“Waterford”). Waterford is an oil and gas focused vehicle, specialising in the financing of oil, gas and other energy related projects in emerging markets. He has been directly involved in the capital raising for natural resource projects and in acquiring, restructuring, developing and divesting such assets. Waterford has a number of substantial shareholdings in oil and gas companies with operations in Europe, Africa, North America and Australasia.


Senior Independent Non-Executive Director

Leo Koot

Leo was appointed the Senior Independent Non-Executive Director of Sterling Energy in January 2017. He chairs the Audit and Remuneration Committees and is a member of the Nominations Committee.

Mr Koot has over 28 years' experience in the Energy sector and an MSc in Petroleum Engineering from Delft University, the Netherlands. Following a successful start to his career with Shell International, he has been involved in multiple successful business start-ups of scale including EDP Ltd, TAQA Bratani (UK) Ltd and TAQA Iraq BV.

Leo Koot was appointed as Executive Chairman of Colombus Energy Resources on 10 May 2017.


Independent Non-Executive Director

Ilya Belyaev

Ilya was appointed a Non-Executive Director of Sterling Energy in January 2017. He is a member of the Audit, Nominations and Remuneration Committees.

Mr Belyaev has acted as investor in private equity and venture capital projects via Supremum Capital and Concentric VC, having closed over a dozen transactions in Russia and UK with a focus on finance and real estate sectors. Prior to moving into private equity and venture capital, Mr Belyaev spent over 8 years in investment banking at JPMorgan, Barclays Capital and VEB Capital in London and Moscow. Mr Belyaev graduated with distinction from Moscow State University with a MSc in Mathematics.