Northern Offshore Announces CFO Resignation

HOUSTON, May 10 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company's Senior Vice President and Chief Financial Officer, Michael R. Dawson, has resigned from the company.

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Mr. Dawson joined the company in early 2008 and has indicated that he plans to retire.  The Board of Directors of the company thanks Mr. Dawson for his contributions and dedicated service and wishes him well.

Northern Offshore, Ltd. is a Bermuda holding company which operates offshore oil and gas production and drilling vessels deployed around the world. The company's fleet consists of one floating production facility and five drilling units (a drillship, a semisubmersible and three jackup drilling rigs).  The Northern Offshore fleet operates in various markets including the North Sea, the Indian Ocean, offshore Russia, the Mediterranean Sea and Southeast Asia.  The company also provides rig management services, and is currently operating in this capacity on two semisubmersibles in the Caspian Sea.  More information on Northern Offshore, Ltd. may be found by visiting the company's website at http://www.northernoffshorelimited.com.

SOURCE Northern Offshore, Ltd.