Statoil Exec Headed for Gaz de France

Statoil announced that the executive vice president for its Exploration & Production Norway business area, Terje Overvik, will withdraw from the corporate executive committee as of June 1 this year. Overvik will be joining Gaz de France Norge as that company's managing director, effective September 1.

Overvik, 55, has a PhD in engineering from the Norwegian University of Science and Technology (NTNU) in Trondheim. He joined Statoil in 1983 and has had a number of key posts in the Statoil group, including platform manager and operations vice president for the Statfjord field. He was executive vice president for Technology before he took over responsibility for Norwegian continental shelf (NCS) operations in 2004.

"Terje has a very robust career behind him at Statoil," said Statoil's chief executive, Helge Lund. "In recent years he has been one of the driving forces in the revitalization that has taken place on the NCS. Terje has the ability to combine long-term, strategic thinking with a focus on the daily operations. He has made his mark not least in his involvement in very active HSE work. I wish him good luck with the new challenges he will come to meet in Gaz de France, and we in Statoil look forward to a continuing good collaboration with both Terje and Gaz de France."

Until Overvik leaves Statoil, matters relating to Gaz de France will be dealt with by Rune Bjornson, executive vice president for Statoil's Natural Gas business area.


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