Det Norske Appoints New Board Member

Tom Røtjer was elected new board member of Det norske oljeselskap ASA at yesterday’s Annual General Meeting. Mr Røtjer has been Executive Vice President, Projects in Norsk Hydro ASA since February 2007.

Mr Røtjer has held a large variety of management positions in Hydro since 1980, covering different areas of development projects.

From 2004 to 2007 he was the project director for the Ormen Lange and Langeled subsea gas development projects in the Norwegian Sea.

Tom Røtjer is replacing Kaare M. Gisvold, who has been a board member for seven years. Mr Gisvold was Chair of the Board from 2005 to 2009, back when the company was established.

Maria Moræus Hanssen and Hege Sjo were re-elected as members of the board. After the General Meeting, the shareholder-elected members of the board are:

Svein Aaser (Chairman of the Board), Carol Bell, Berge Gert Larsen, Tom Røtjer, Hege Sjo and Maria Moræus Hanssen. The employees have two representatives in the Board.

Chairman of the Board, Svein Aaser, said his first year as chairman has been exciting.

“It has been a fantastic year for the company. We have participated in major discoveries, and we are well on our way with our first development project. In the past year we have created great value for our shareholders, first and foremost due to the Sverdrup discovery. Now we may look forward to new challenging development projects.”

At the General Meeting CEO Erik Haugane said that Det norskes goal this year is to submit a Plan for Development and Operation (PDO) for Draupne.

“If everything proceeds according to schedule, we will have the first oil from Draupne in late 2016. This will increase the company’s production substantially.”

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Offshore Nieuws Staff, April 20, 2012; Image : Det Norske Oljeselskap