EOC'S CHIEF OPERATIONS OFFICER TO RETIRE FROM POSITION WEF 19 SEPTEMBER 2010
Oslo, Norway, 17th September 2010
EOC Limited (EOC or the Group) wishes to announce that Mr. Phillipus Geerling has informed the Company that he will retire from his position as Chief Operations Officer upon the expiry of his employment contract on 19th September 2010.
The Company is also pleased to announce that with effect from 1st October 2010, Mr. Asle Bjørnstad, who is currently a director of an affiliated company, will be appointed as its COO during the interim period until a suitable successor is found.
Under Mr. Geerling’s leadership, EOC set up the new construction and Floating Production, Storage and Offloading (FPSO) business divisions. During his 3-year tenure as COO of the Company, Mr. Geerling played a key role in business development, the formation of strategic partnerships and the implementation of the Group’s strategic goals.
Mr. Geerling leaves behind a strong and successful organization well-positioned for further growth in both the FPSO and offshore construction and accommodation markets.
Mr. Bjørnstad, who has 22 years of experience in the offshore oil & gas sector, brings with him a wealth of commercial and project management expertise, especially in the FPSO sector. He has held various senior managerial positions in business development, project management and marketing in companies such as Aker Engineering A.S and Fred Olsen Production A.S. With his impeccable track record, EOC is confident that Mr Bjørnstad will be a great asset to the Group’s executive management team.
On behalf of the Board of Directors and the entire management team, EOC’s Chief Executive Officer Mr. Lim Kwee Keong wishes to thank Mr. Geerling for his contributions as well as friendship over the years. The Group and Mr. Lim wish him great success in his future endeavors.
ABOUT THE COMPANY www.emasoffshore-cnp.com
Oslo BØrs listing: October 2007
EOC Limited offers offshore construction & floating production services and installation & commissioning work as well as transportation services that support the entire life cycle of offshore oil & gas production.
It manages two heavy-lift accommodation crane barges, the Lewek Conqueror and the Lewek Chancellor; a dynamically positioned heavy-lift accommodation pipelay vessel, the Lewek Champion; and a floating production, storage and offloading unit, the Lewek Arunothai. These vessels are utilised in various support activities that last through facility development, production, operations, maintenance and abandonment.
The firm operates in Australia, Brunei, India, Indonesia, Malaysia, the Middle East, the Philippines and Thailand, and is an associate company of Singapore Exchange-listed Ezra Holdings Limited, the largest owner/operator of an integrated range of offshore support vessels for charter across a broad spectrum of the oil & gas offshore support services supply chain.
FOR FURTHER ENQUIRIES
Mr. Chan Eng Yew
EOC Limited
65 9792 8616
engyew.chan@emasoffshore-cnp.com
Ms. Carol Chong
Oaktree Advisers
65 9475 3167
carolchong@oaktreeadvisers.com
Other media releases on the company can be accessed at www.oaktreeadvisers.com