Board of Directors

Inge K. Hansen


Inge 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 currently chairs the boards of several companies, including Gjensidige Forsikring ASA, Troms Kraft AS and Skiskytter Vm 2016 AS. He is also a board member in several companies, including Norsk Hydro ASA and Sissener AS. Inge was awarded the prominent Nordic Chair of the Year 2012. He holds a Master of Science in business from the Norwegian School of Economics and Business Administration (NHH).

Tim Bushell


Tim has almost 30 years experience in the international oil and gas industry. He is currently CEO of AIM-listed Falkland Oil & Gas. Prior to joining Falkland Oil & Gas, Tim was Managing Director of Paladin Resources Norway from 2001 until the company was acquired by Talisman in 2006. Before starting with Paladin, he held different managerial positions in Lasmo, including position as Manager of Lasmo’s North Sea assets and General Manager of its South Atlantic business unit. Mr. Bushell earned a degree in geology from the University of Liverpool in 1981.

Pål Reiulf Olsen


Mr. Olsen has 24 years of experience from the oil and gas sector and has been a Senior Partner in HitecVision since 2009. Before joining HitecVision he had for 14 years been Director, Corporate Finance, in the Norwegian investment bank First Securities ASA (formerly Elcon Securities AS) and has for the past ten years headed First’s energy sector corporate finance team. Mr. Olsen has extensive experience from the Norwegian energy industry, in particular within E&P and the oil service sector. He has been responsible for numerous IPOs and equity issues, and managed a number of mergers and acquisitions. He has a large personal network in the oil and gas industry. Mr. Olsen has also co-founded two companies, of which one oil service company and one investment bank . Prior to joining Elcon Securities, he served as Chief Controller and Head of Strategic Planning in Aker ASA, parent company of the Aker Group. Mr. Olsen holds a MSc in Business from the Norwegian School of Economics and Business Administration and is a CPA.

Gunnar Halvorsen


Halvorsen has more then 20 years' oil industry experience, working for HitecVision and its predecessors since 1997, initially as an investment manager with Cybernetix and later as the company's General Manager. Before this he spent a number of years at Amoco in Norway and Houston, where his latest position was head of the analytical department at Amoco Norway Oil Company. Prior to Amoco, he held positions as Senior Corporate Advisor at the Kreditkassen bank and Finance Manager at BJ Hughes. Halvorsen holds a MSc in Finance from the University of Colorado, USA.

Robert Arnott


Mr. Arnott is a British citizen with almost 30 years oil and gas experience. He started his career in the petroleum industry with Shell International as a geologist and then progressed to Investment banking where he worked as an equity analyst for HSBC Investment Bank, Morgan Stanley, Goldman Sachs International and UBS before subsequently moving back to the upstream industry. He is currently non-executive Chairman of Global Petroleum Limited, which is listed on both the Australian Stock Exchange and the AIM market of the London Stock Exchange (‘AIM’). He is also a Director of AIM quoted Petroceltic International PLC and in Oslo Stock Exchange listed Rocksource ASA. Prior to this he spent five years with Norwegian exploration and production company, DNO UK Ltd. He is also a Research Advisor to the Oxford Institute of Energy Studies.

Contact details

Visiting address:
Rosenkrantzgate 16, N-0160

Postal address:
P.O. Box 1489 Vika, N-0116 Oslo

Phone: +47 24 04 54 80

E-mail address: