New CEO

Mr Eirik Barclay (39) has been appointed Chief Executive Officer (CEO) of Fred. Olsen Production ASA. He has a Master of Science degree from Norwegian University of Science and Technology (NTNU) in Trondheim, Norway and he has previously held the position as CEO of Songa Floating Production during 2008-2011 and as VP Business Development of BW Offshore during 2005-2008. In addition he has worked at Aker Kværner Process System and Schlumberger Oilfield Services. He will commence his new assignment on 1 January 2012.