Board of Directors

Helge Haakonsen

Chairman

Haakonsen has more than 40 years experience in the oil and gas and shipping sectors. Since 1972 until retirement in the fall of 2009 Haakonsen was employed by Fred Olsen related companies and held a number of senior project, management and board positions within the offshore and tanker industries, including shipbuilding, offshore construction, offshore drilling and floating production. From 1997 to retirement Haakonsen was employed as CEO and President by Fred Olsen Energy ASA. Haakonsen received a B.Sc. degree in marine engineering from the University of Newcastle upon Tyne, England in 1969 and a B-Sc in business administration from the Norwegian School of Business Administration, Oslo in 1973.

Pål Reiulf Olsen

Deputy Chairman

Olsen has 20 years of experience in the oil and gas sector and joined HitecVision in 2009. He has for the past 14 years been Director, Corporate Finance, in the Norwegian investment bank First Securities ASA (formerly Elcon Securities AS) and has for the past ten years headed First's energy sector corporate finance team. Prior to joining Elcon Securities Pål Reiulf Olsen served as Chief Controller and Head of Strategic Planning in Aker ASA, parent company of the Aker Group. Pål Reiulf Olsen received a MSc in Business from the Norwegian School of Economics and Business Administration in 1982 and is a CPA.

Erland P. Bassøe

Erland Bassøe has been involved in the offshore oil and gas industry since the early 1980's. He has founded or co-founded a number of companies engaged globally in offshore drilling, production, and related services, including: Chiles Offshore; Hercules Offshore; Scorpion Offshore; Frontier Drilling; ODS-Petrodata; Seajacks International; Floatel International; BassDrill; and BassTech. Mr. Bassøe holds a BS in business and public administration from New York University.

Bjorn C. Jacobsen

Bjorn C Jacobsen has more than 27 years of experience within the finance and oil services industries. Mr. Jacobsen has recently been an advisor to the drilling industry with Fearnley Offshore and R.S. Platou, CFO of Frigstad Discoverer Invest Ltd. (BVI) and CFO for the seismic company Exploration Resources ASA. Mr. Jacobsen also served for 14 years as head of research and financial analyst for various Nordic investment banks covering the oil industries. Mr. Jacobsen has a business degree from the Norwegian School of Economics and Business Administration (NHH) and is qualified as a Certified European Financial Analyst (CEFA).