AWO Prospectus PETROJACK offer - COSL Drilling Europe AS

No remuneration has been paid or granted to the Offeror’s board of directors. The level of
remuneration will be determined at the annual general meeting (May 2006).
7.9 Management and employees
Management agreements
Management services are provided to the Offeror by Premium Drilling AS, a company jointly
owned with Sinvest ASA. In addition, Anders Wilhelmsen & Co AS, the holding company of the
Anders Wilhelmsen Group, provides accounting and treasury services to the Offeror. See section
11.4 for a description of the management agreements.
Corporate management
Henrik Fougner (42), managing director, Bærum
Mr Fougner has more than 15 years of experience from banking and the shipping and offshore
industries, both in Norway and internationally. He previously held the position as CFO of Awilco
AS. Before joining Awilco in 2001 Henrik Fougner was CFO of Osprey Maritime Limited in
Singapore. He has also been working in banking through Den norske Bank and Scandinavian Bank
Group, both in London and Oslo, focusing on the shipping- and offshore industry. He holds an
MBA from the Norwegian School of Economics and Business Administration.
Mr Fougner’s remuneration in his capacity as managing director of the Offeror is under
consideration by the board of the Awilco Offshore. Until such conclusion, he has and will continue
to receive the same salary as he had as CFO of Awilco, NOK 1.200.000.
Key personnel – commercial management
Thor Alexander Krafft (61)
Mr Krafft is Senior Vice President in Awilco Offshore ASA, and has more than 35 years of
international experience from shipping and the oil and gas offshore industry. Mr Krafft has worked
for Esso, Gotaas Larsen/Golar Nor Offshore and Arne Blystad Rederi. He holds an MBA from
University of Wisconsin,USA.
Knut Martin Wadet (54)
Mr Wadet has 30 years experience from the offshore oil and gas and marine industries, both in
Norway and internationally. He holds a position as Vice President with special responsibility for
the two accommodation units Port Reval and Port Rigmar. Previously Mr. Wadet was General
Manager of the marine contracting entity Farmand Survey, he has been employed by Stolt-Nielsen
Seaway and the Kværner group, and has spent several years in the Middle East and South East
Asia. He holds a degree in business administration (Siviløkonom) and a degree in civil engineering.
Jan B. Usland (45)
Mr Usland is Director – Offshore Business Development in Awilco Offshore ASA. He holds an
MSc in Naval Architecture and Marine Engineering from NTNU (Norway) and enjoys more then
20 years of experience within the offshore oil & gas industry primarily from management, business
development and technical positions with floating production and drilling contractors. He was
previously Senior Vice President, Floating Production with Northern Offshore ASA.
Key personnel – technical management
Claus Mørch (58)
Mr Mørch has both a MSc in Mechanical engineering and a BSc in Marine engineering from the
University of Newcastle upon Tyne. Mr Mørch is Senior Vice President of Awilco Offshore ASA.
He has more than 30 years experience in the marine and offshore market with broad experience in
relation to newbuilding projcts, conversions and management of shipping and offshore units and
has worked within the Anders Wilhelmsen group for 20 years.
As of the date of this document Awilco Offshore management hold no shares in Awilco Offshore.
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