New Board member appointed
The Annual General Meeting of Electromagnetic Geoservices ASA (EMGS) has today approved the appointment of Stig Eide Sivertsen as Director to the Board with immediate effect. He succeeds Christopher Wright who has resigned.
Stig Eide Sivertsen has extensive management experience gained from a number of senior positions. He served as chief financial officer of Petroleum Geo-Services (PGS) from 1993 to 1996, following a four-year period in the same role for Schibsted AS. He founded Nettavisen in 1996 before joining Telenor ASA where he was a member of the global executive management team for more than ten years, among other as chief executive officer of Telenor Broadcast Holding AS. Mr Sivertsen has served on a number of boards, including several listed companies.
Bjarte Bruheim, chairman of EMGS's Board, commented: "I am delighted to welcome Mr Sivertsen to the Board, and I am confident that he will make a valuable contribution to the next stage of the company's development. I would also like to thank Christopher Wright for his excellent advice and important contributions over the last years."
Following this appointment, the Board of EMGS ASA consists of the following members: Bjarte Bruheim (Chairman of the Board), Jeffrey A. Harris, Berit Svendsen, Grethe Høiland, Stig Eide Sivertsen, Friedrich Roth (employee elected) and Cecilie Arentz (employee elected).
Contact
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About EMGS
EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. The company is the EM market leader, and provides Clearplay, the world's first fully integrated EM system.
Three service offerings - Clearplay Find, Test and Evaluate - have been designed to assist operators in the exploration and production phase. Clearplay supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The services enable integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency, and reduces risks and the finding costs per barrel.
EMGS operates the world's first purpose-built 3D EM vessel fleet and has conducted more than 450 surveys to improve drilling success rates across the world's mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com <http://www.emgs.com/> for more information.