Northern Offshore Appoints President and CEO

Marion M Woolie has joined Northern Offshore, Ltd. as President and Chief Executive Officer. Prior to joining the company Mr. Woolie served as Senior Vice President-Operations for GlobalSantaFe Inc. and President of Global Marine Drilling Co.

"I am pleased to have Marion join our team", commented Jim LaChance, Chairman of the company. "His extensive management experience and industry expertise will enhance our company. I am confident that his contribution will be immediately realized."

Northern Offshore Limited is a Bermuda exempted holding company, which operates offshore oil and gas production and drilling vessels deployed around the world in strategically active locations. The Company's recently renovated fleet consists of one production unit (the Northern producer, a semi submersible floating production facility) and five drilling units (the Energy Searcher, a drillship, the Energy Driller, a semi submersible drilling rig and the recently purchased jack-up drilling rigs, the Energy Enhancer, the Energy Endeavour and the Energy Exerter). The vessels operate in various markets including the North Sea, the Middle East, the Indian Ocean and Southeast Asia.