Mr Mykland will join Sevan with effect from January 1, 2009. He has a bachelor’s degree in finance from the Norwegian School of Management, and has more than 14 years experience in the offshore industry.

Prior to joining Sevan, Mr Mykland held senior management positions with Saevik Supply, as finance manager; Viking Supply Ships, as finance director; Waterfront Shipping, as CFO; and with Siem Offshore, as CFO since 2006.