“We are delighted to have Geir Egil on board as we enter the next phase of growth for the company. The recent acquisition of Argonauta in the US and the establishment of the company in Canada are further steps in our strategy to build a network to support our customers, the international oil and gas operators, in the fulfillment of their projects globally. The balance sheet is strong and we have capacity for further organic growth and growth through acquisition.
Competentia today announced the appointment of Geir Egil Olsen as CEO of the group with effect from 22 September 2014.
Geir Egil Olsen (49), a graduate of UIS in Stavanger, holds degrees in electrical engineering, business administration and petroleum technology. He has had an international career within the oil and gas services industry, predominantly with Schlumberger, having held operational, sales and management roles in Scandinavia, UK and the Middle East.
Commenting on the appointment, John Smith, Chairman of Competentia said:
“We are delighted to have Geir Egil on board as we enter the next phase of growth for the company. The recent acquisition of Argonauta in the US and the establishment of the company in Canada are further steps in our strategy to build a network to support our customers, the international oil and gas operators, in the fulfillment of their projects globally. The balance sheet is strong and we have capacity for further organic growth and growth through acquisition.
Geir Egil will be charged with leading the development of that strategy. In particular we will be looking to consolidate and grow our businesses in Norway, the UK and to realise the potential of the relationships built by Argonauta with US based IOCs”.
“Competentia has been through a rapid growth over the last few years, and I am honoured to have been chosen to lead the company,” said Geir Egil, who resides in Stavanger with his family. “The opportunities for Competentia are unlimited, but we must maintain focus and continue to deliver to our clients’ satisfaction.”
Competentia, a former winner of Ernst & Young’s Entrepreneur of the Year award, was established in 1998. After a change of ownership in 2006 the company has grown to be a major global supplier of experienced project Management and engineering personnel with revenue of over NOK 1.2 billion in 2013. The company’s services are primarily provided to leading oil and gas companies in Europe, Africa, America and Asia Pacific, by Competentia’s business units in Australia, China, Japan, Korea, Norway, Singapore, Trinidad, USA and the UK.
For more information about Competentia and Argonauta, please visit their websites at www.competentia.com and www.argonenergy.com.
Back to News