Point Resources’ board represents the shareholders, consisting of among others majority owner and private equity company HitecVision, and other investors.
The board is independent of the management and is represented by the following members:
Inge K. Hansen, Chairman of the Board
Inge K. Hansen has held several distinguished positions in a long business career, such as CFO and acting CEO of Statoil, and as CEO of Aker Kværner. Inge K. Hansen currently chairs the Boards of several companies, including Troms Kraft AS, Hotel and Restaurant Continental AS and Arctic Securities AS. He is also a Board member of Fram Museum and Chairman of the Board of Sissener AS. Inge K. Hansen was awarded the prominent Nordic Chair of the Year in 2012. He holds a degree in Economics and Business Administration (Siviløkonom) from the Norwegian School of Economics (NHH).
Timothy Bushell, board member
Timothy Bushell is a qualified geologist with more than 30 years of experience in the international oil and gas industry. Most recently, Timothy Bushell was CEO of AIM-listed Falkland Oil & Gas. He is also one of the co-founders of Core Energy AS. Prior to this, Timothy Bushell was Managing Director of Paladin Resources Norway from 2001 until the company was acquired by Talisman (later Repsol) in 2006. Prior to this, he held different managerial positions in Lasmo. Timothy Bushell is currently serving as a Non-Executive Director on the Boards of three UK listed companies; Rockhopper Exploration PLC, Petro Matad Limited and Genel Energy.
Pål M. Reed, board member
Pål M. Reed has extensive experience within finance and investment and holds the position as Senior Partner and Deputy CEO of HitecVision, a position he has held since 2005. Prior to this, he was Chief Investment Officer of Argentum Fondsinvesteringer, the Norwegian State's PE fund investor managing approximately NOK 10 billion under management. His previous experience includes a number of years heading private investment companies, such as First Vice President in the Kreditkassen bank, working with structured finance; and partner and managing director of companies in the Pareto Group, a leading Norwegian investment bank. Pål M. Reed is educated at the Norwegian School of Economics and Business Administration and at the universities of Oslo, Bergen and Paris Sorbonne.
Øivind Reinertsen, board member
Øivind Reinertsen has over 40 years of experience from the oil and gas industry, of which 38 years in Statoil. During his career with Statoil he has held several leading positions, most recently being responsible for the Johan Sverdrup field development from discovery until approval of PDO. Prior to this, he held numerous positions within Statoil in Norway such as SVP for the Tampen area, VP for the Sleipner and Gullfaks production, Platform Manager and Hook up and Commissioning Manager for the Sleipner development. In 2005 he was appointed President of Statoil North America, responsible for re-establishing Statoil’s footprint in the North American upstream activities.Øivind Reinertsen holds a Petroleum Engineer graduation from the University of Stavanger in Norway.
Ole Ertvaag, board member
Ole Ertvaag has nearly 30 years of experience from the oil and gas industry and is Founding Partner and CEO of HitecVision. He joined HitecVision’s predecessor Hitec in 1989, and held the position as CFO and later also as COO. In addition to operational, financial and accounting responsibilities, Ole Ertvaag headed Hitec’s M&A activities and was in charge of structuring and negotiations of transactions. He has led all the IPOs undertaken by Hitec and HitecVision, and has been instrumental in most investments and trade sales carried out through the Hitec system since the early 1990s. Ole Ertvaag holds a Business degree from the Norwegian School of Management.
Jan Harald Solstad, board member
Jan Harald Solstad is Senior Partner in HitecVision. Jan Harald has been a well reputed strategic and financial advisor to the oil industry for more than a decade. He is a co-founder of Core Energy AS and currently holds a position as Senior Partner in HitecVision. Starting his career with Conoco Norway Inc., in 1991, he worked as an Economist and Business Analyst and later as an Oil Trader in London. From Conoco Norway, he joined EY as Senior Manager of Corporate Finance for a period of four years and then went on to establish an E&P advisory boutique, SB Finans in Oslo. The company later became part of the investment bank RS Platou Markets where he held the position as Head of Oil & Gas for several years, prior to co-founding Core Energy. Jan Harald Solstad holds an MSc degree in Business and Economics from the University of Nordland.
Øyvind Evensen, board member
Øyvind Evensen has filled numerous positions within economy, finance, treasury, controls and project management for ExxonMobil since 2006, and he has worked for both the downstream and upstream businesses. Øyvind Evensen has been an employee representative throughout the last eight years. In 2005, he completed a master’s degree in international business at the Queensland University of Technology in Australia.
Stig-Roar Olsen, board member
Stig-Roar Olsen has more than 35 years of experience from the oil and gas industry. He joined Point Resources from the position as Asset Manager in Core Energy. Before this, he was the VP for HSE in Statoil’s corporate organisation. Stig-Roar Olsen started his career in Mobil Exploration Norway Inc. in 1981 within drilling, and he was employed in Statoil after the transfer of operatorship at the Statfjord field in 1987. Stig-Roar Olsen has filled numerous positions within technology and management in Statoil, such as drilling, reservoir and production, offshore installations manager, operations manager for the Snorre field, manager for the refinery at Kalundborg in Denmark, HR manager for the Norwegian shelf, and manager for the company’s corporate HSE organisation. Stig-Roar Olsen has a master’s degree within chemistry and process from the University of Science and Technology in Trondheim.
Bjørn Sætervik, board member
Bjørn Sætervik has more than 35 years of experience from the oil and gas industry. He joined Point Resources as a senior control room operator on the Jotun A installation. Bjørn Sætervik started his career in Esso Norge AS as a process operator at the Slagentangen refinery in 1982. Later he held several positions in the offshore organisation, first at the Odin field and then the Jotun field. Bjørn Sætervik has a diploma as a process operator and was one of the early initiators of establishing a local Safe union for the offshore community at ExxonMobil-operated fields. Since then, he has filled several leading roles in the union, including the position as an employee representative in ExxonMobil’s Board of Directors in Esso Norge AS. Bjørn Sætervik is the current leader of the local Safe union for the offshore community at Point Resources-operated fields.