Untitled - norsar

In 2006 NORSAR Innovation AS, Campus Kjeller AS and Holberg
Research AS founded the new company Seismic Innovation AS. The
objectives of the company are development, marketing and sale of software
for seismic imaging and related activities. NORSAR Innovation is a 45%
shareholder of the new company and is anticipating a development of
Seismic Innovation leading to business transactions as well as a general
increase of value.
The board considers the future prospects for NORSAR Innovation to
be promising and continued operation is assumed in connection with
presentation of the annual accounting report.
Personnel and working environment
By the end of 2006, NORSAR Innovation had two employees and a total
of two man-years of work were conducted during 2006. NORSAR Innovation
has adopted and follows the mother company’s administrative instructions
and regulations for internal control, HSE-work and quality assurance.
NORSAR Innovation is an equal opportunity employer and has
established working conditions that provide equal opportunities for male and
female employees with regard to recruiting, conditions of employment and
possibilities for professional development and advancement.
The sick leave was 0.8 % in 2006. No accidents or injuries have been
recorded in connection with NORSAR Innovation’s activities during the year.
The company does not pollute the surrounding environment.
The board of directors thanks the employees for their valuable contribution
in the fi rst full year of operation of the company.
Kjeller, 12. april 2007
Hege M. Nordgård Bolås Bjørn Grandal Annik M. Myhre
Styreleder Styremedlem Styremedlem
Tore Olsen Pran Ketil Åstebøl Anders Dahle
Styremedlem Styremedlem Adm. direktør
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