Mr. Tor Kragh Fosse – CEO

Mr. Fosse has a +30 years professional background working within Naval, Marine and Oil & Gas industry. He started the first decade of his career as an Officer in the Royal Norwegian Navy and later moved on to hold various senior management positions within the Norwegian and international marine and Oil & Gas industry. Over the last 17 years Mr. Fosse has been working in an international business environment keeping leadership roles such as Group VP Supply Chain for ABB’s global Oil & Gas operations and CEO in Cornea Services AS, a Norwegian company specialised in providing services to the Oil & Gas industry focusing on the MENA region.

In addition to graduation from Norwegian Military Officer School, Mr Fosse holds a BSc in Business Administration and Management from Norwegian School of Economics (NHH).

Mr. Thor Kristian Haugnaess – COO

Mr. Haugnaess has worked in the Oil Industry for 35 years. He started his career in Schlumberger Oilfield Services where he for 23 years held several positions within Field Operations, Staff and Line Management, covering operations in Europe, Africa, Middle East and Asia. He is the former President of Ocean Rig ASA, a deep-water drilling contractor. Mr. Haugnaess was founder and Managing Director of EOR Solutions FZCO for 8 years. He has held directorships in International Oil Companies such as Interoil Exploration and Production ASA and the Dubai government owned Dragon Oil. He is currently a member of Dubai Future Council on Energy. Mr. Haugnaess was the Vice Chairman of Visuray Plc for ten years. Visuray Plc is a high technology oilfield service company specializing on manufacturing wireline tools emitting x-rays in oil and gas wells.

Mr. Haugnaess holds a MSc in Petroleum Technology from NTH (NTNU) Trondheim, Norway.

Reidar Kristensen – Special Advisor
Mr. Kristensen has more than 35 years experience in the petroleum industry and his main duties have to a large extent been related to reservoir assessments, reservoir management, field development and EOR based reactivation opportunities ranking, and reactivation development planning for fields in tail production. He has extensive knowledge and experiences with light oil, heavy oil, conventional gas and sour gas developments. Through the Oil for Development program Mr. Kristensen has been engaged by Norwegian authorities to assist authorities in Sudan and Mozambique to aid in developing their oil and gas industry. During this work in Sudan, he was spearheading EOR reactivation studies for Greater Heglig, Neem and Unity.
Mr. Kristensen has extensive professional experience from working 3 years research and lecturing at the University of Bergen 7 years of teaching high school/ college level, 27 years in Statoil – of which 14 years in Norway and 13 years internationally (Venezuela and China), 3 years with the Norwegian Petroleum Directorate (NPD) as Chief Engineer and recently CTO in IFRA Eior AS with main focus on enhanced and increased oil recovery by reactivation of mature oil fields.

Mr. Olav Eikrem – CFO

Mr. Eikrem is a Senior Executive with a proven track record of success delivered over a progressive and accelerated 20-year career operating with increasing levels of management, financial and operational responsibility within Greenfield start-ups and multi-national corporate businesses on an international scale.

Renowned as a hands-on and growth focused business Executive; operating as an astute analyst, strategic thinker & entrepreneurial problem solver and able to blend a substantial finance background with an extensive operational and business development expertise to assess, design and develop short- and long-term strategies that drive sales, revenue and margin growth.

Mr. Eikrem holds an Executive MBA in Strategic Management from Norwegian School of Economics (NHH), a Master of management and BB from Norwegian School of Management (BI) and a degree as Engineer in Heavy Power from Aalesund University Colleges, Aalesund, Norway.