Executive Management

Scott McReaken

Chief Executive Officer

Scott McReaken was appointed CEO of NOL in December 2019 and NODL in December 2018. Mr McReaken has over 15 years of experience in the offshore drilling industry. Prior to this appointment Mr McReaken has been a part of the Seadrill group companies since 2012, where he served as Chief Executive Officer and
Director of Sevan Drilling Ltd and Chief Financial Officer of North Atlantic Drilling Ltd. amongst other roles in Seadrill. Mr McReaken serves as the Treasurer and Secretary of the International Association of Drilling Contractors (IADC) since 2013, which is the worldwide oil and gas drilling contractor’s non-profit advocacy association. Mr McReaken began his career at Arthur Andersen LLP and is a Certified Public Accountant and Certified Internal Auditor. He holds a degree in business administration from the University of Texas. Mr McReaken is a US citizen and resides in the US.

Jonas Ytreland

Chief Financial Officer

Jonas Ytreland has been working for the company since August 2020 and was appointed CFO of NOL in January 2022. Mr Ytreland has 20 years’ financial experience within the Shipping, Offshore and Oil industries. Before joining NOL, he worked 10 years with Seadrill Management Ltd, a company managing all of Seadrill Limited’s operations, the last 8 of those as VP and Treasurer. He started his career as Treasurer for Frontline Management AS, a company that managed the operations for the stock exchange listed companies Frontline Limited, Ship Finance International Limited, Golden Ocean Limited and Knightsbridge Tankers Ltd, before joining Sparebank1 SR-Bank, as a senior business advisor. Mr Ytreland holds a degree in financial analysis from BI Norwegian Business School. He is a Norwegian citizen and resides in Norway.

Olav Sirevåg

Chief Accounting Officer

Mr. Sirevåg has been with the Company since June 2019 and was appointed CAO of NOL in January 2022. Mr Sirevåg has 16 years of experience from the offshore drilling sector. Prior to joining NOL in 2019, he held various management positions within Seadrill, specifically Head of Financial Risk and Compliance and Head of Finance Asia Pacific. Prior to Seadrill he was with Transocean holding roles within accounting and projects. Mr Sirevåg holds a Master in Business from the Norwegian School of Economics (NHH). He is a Norwegian citizen and resides in Norway.

Michael Ferguson

Director of Operations

Michael Ferguson joined Northern Ocean as Chief of Operations mid-2019 in the Canary Islands where Bollsta was on its way from construction in Korea in preparation for Norwegian operations. Before joining NOL Mr Ferguson spent more than 25 years working in various operation management rolls including with Seadrill in Southeast Asia, Songa in Australia, and Maersk Drilling in United Kingdom, Norway, Egypt and the US in a variety of rolls for a total of 18 years. He has also worked in Myanmar and Iran. Mr Ferguson has a degree in marine engineering from Glasgow Nautical College. He currently resides in Norway and is a British citizen.