Management

Anders-Ivar Olsen (1962) - CEO
Mr. Olsen has an MBA degree and extensive international experience from shipping and the commodity industry. He is related to NorInvest Ltd, which holds 61,053,757 shares, or 45%, in Thule Drilling. He resides in Oslo, Norway.

Tore Berg (1940) - Technical Advisor
Tore Berg has been engaged as Technical Advisor since April 2005. Prior to this engagement, he has worked as an independent consultant within the offshore and shipping industry. His experience includes engagement as expert witness in connection with the arbitration regarding the drill ship “Valentin Sashin” (2004 – dd.), owners representative for Prosafe ASA / Prosafe Offshore Ltd. in connection with the reconstruction of semi submersibles in Mexico, project director for the completion of “Eirik Raude” in Halifax, Canada. project director in Prosafe ASA (1998-2000), CEO of Tanker Navigation ASA (1997-1998), CEO of Discoverer ASA (1997-1998). Mr. Berg has comprehensive experience with technical management within offshore and shipping. He has been a Board member in Ocean Rig ASA. He is a naval architect and marine engineer from the Norwegian University of Science and Technology (1965). Mr. Berg resides in Asker, Norway. He and parties closely related to him own 109,299 shares in Thule Drilling.

Malcolm Corkill (1955) – Construction Manager (Middle East)
Malcolm Corkill has been engaged as Construction Manager since February 2008. Prior to this engagement, he has worked as an independent consultant within the offshore and shipping industries. Mr. Corkill has extensive experience with technical management and construction operations within the offshore and shipping industries, including engagement as Project Manager for Noble Denton as technical manager of Jack-up Rig newbuildings for Thule Drilling (2005-08); Principal Engineer for Noble Denton on insurance damage surveys (2000-2002, 2005); Lead Engineer for SBM on conversion of FPSO Mystras (2002-04); Positions of management and operations in Nico International, Dubai Drydocks, Wallem Shipmanagement and Cunard Shipping Services. Mr. Corkill is a marine mechanical engineer with an Associateship in Engineering from Southampton Solent University UK (1988) and Combined First Class Certificate in Marine Engineering, UK (1985). Mr. Corkill resides in Dubai, U.A.E. He and parties closely related to him own 195,969 shares in Thule Drilling ASA.