Aker Drilling Taps Saether Romuld for CFO

Trine Saether Romuld, 38, has been appointed Aker Drilling CFO. She will succeed Nina Lie, who has decided to begin working in a different industry. Lie will continue to serve as Aker Drilling's CFO until Saether Romuld starts at the company, most likely before the summer.

Saether Romuld joins Aker Drilling from her position as CFO of Marine Harvest (formerly Pan Fish). Her previous work experience includes serving as Finance Manager at the Transocean in Norway. She has also held executive positions with Ernst & Young and Arthur Andersen & Co. Saether Romuld is a state-authorized public accountant, educated at NHH, the Norwegian School of Economics and Business Administration.

"Although we regret Nina Lie`s decision to leave the company, we are extremely pleased to have Trine Saether Romuld join our team," said Geir Sjoberg, Aker Drilling's President and CEO. "Ms. Saether Romuld is thoroughly familiar with the drilling contracting business. Her comprehensive professional expertise will further strengthen our continued efforts to build Aker Drilling."

Aker Drilling is in the process of building a full-fledged operating organization. Over the next two years, the company will recruit about 400 experienced professionals.

Aker Drilling has two sixth-generation drilling rigs under construction, with a scheduled delivery in February 2008 and October 2008. The units, the world's largest and most advanced semi-submersible drilling platforms, are being built by Aker Kværner. The rigs are particularly well suited to operate safely and efficiently at deep waters and under harsh environment conditions.

Long-term contracts for operations on the Norwegian continental shelf have been secured for both Aker Drilling rigs. A 3-10 year contract has been entered into with Statoil for the first of the two rigs; a three-year assignment with Aker Exploration has been secured for the second drilling rig. Work pursuant to both contracts will begin immediately upon delivery of the rigs in 2008.