20 August 2024: The Board of Directors of Northern Ocean Ltd. ("NOL") has
appointed Arne Jacobsen as the new Chief Executive Officer of NOL effective as
of 20 August 2024.
Arne Jacobsen was previously the Chief Executive Officer (CEO) of Orion, a joint
venture between Hayfin Capital and Transocean, and has experience as a senior
investment advisor for the oil and gas investment portfolio of Hayfin Capital.
"We are very pleased to welcome Arne Jacobsen as the new Chief Executive Officer
of Northern Ocean Ltd. With his deep industry insight, broad experience from
operational and commercial positions, coupled with financial expertise, he is
ideally suited to further develop the company", says Gary Casswell, Chairman of
NOL's board of directors.
"Northern Ocean Ltd. owns two of the most sophisticated offshore drilling units
in the industry, which provides a strong foundation for the future development
of the company. I look forward to exploring opportunities to further grow the
company and to ensure safe and efficient operations of our assets with the aim
of generating attractive returns for our shareholders," says Arne Jacobsen.
Beyond his background as an investment professional, Arne Jacobsen holds
extensive commercial and operational experience from the oil and gas industry.
Before joining Hayfin Capital, Jacobsen held leading positions in Songa Offshore
and Ocean Rig, where he was positioned both in Brazil, South Korea and Norway.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act and Section 4.2.4 (1) of Euronext
Rule Book II.
For more information, please contact:
Jonas Ytreland, Chief Financial Officer, +47 994 65 550
Arne Jacobsen, Chief Executive Officer: + 47 992 26 222
About Northern Ocean Ltd.
Northern Ocean Ltd. is an international drilling contractor with the purpose of
owning high specification offshore drilling units designed for harsh
environments. The drilling units are among the most sophisticated in the world
and provide safe, efficient operations while incorporating leading green energy
technologies.
Northern Ocean Ltd. has invested in power generation solutions that lower fuel
consumption to reduce NOx & CO2 emissions and making the units more
environmentally friendly.
Northern Ocean Ltd. was listed on Oslo Stock Exchange in June 2018, under the
ticker "NOL".
Read more on https://www.northernocean.no/