Experienced Board of Directors

1. Experienced Board of Directors Øivind Lund Chairman • Has held various senior positions with ABB over the last 10 years including CEO of ABB in Norway and President & Country Manager in Turkey • Member of the board of directors of Yara (chairman) and Norske Skog (deputy chairman) • Holds an MSc and a PhD in electrical engineering and a degree in industrial economy Morten Ulstein • Over 25 years experience from the offshore and marine sectors – both as investor and from various CEO positions (Rolls Royce Marine, Vickers Ulstein Marine Systems, Ulstein Industrier) • Founder and chairman of Island Offshore – the most successful and fastest growing well intervention company to date • Responsible for managing the Ulstein family’s investment companies Dionne Chouest • Owner and officer of several of the Edison Chouest Offshore group companies • Has held the position as general counsel of the Edison Chouest Offshore group since 1993 • Holds a bachelor of science degree in accounting from Nicholls State University and a law degree from Tulane Law School Øyvind Jordanger • Some 30 years experience from the oil & gas industry, mainly within drilling and operations • Managing director of Dolphin for 6 years and thereafter President of Navion Inc (Navion ASA acquired by Teekay in January 2003) • Currently holds the position as director of business development & offshore projects at Teekay Berit Rynning • Currently seconded from Statoil to INTSOK where she acts as regional director for Kazakhstan, Mexico and Venezuela • Has held several senior positions within Statoil including country manager in Mexico, government relations manager in Venezuela and project manager in Algeria 1