Mr. Golder has been Non-Executive Chairman of the Company since 2005. He is also Chairman of the Remuneration Committee and a member of the Nomination and Audit Committees. He has over 40 years experience in the petroleum industry and was formerly Senior Vice President of Marathon Oil Company («Marathon»), retiring in 2003. He has performed at executive and director level for two major corporations (Marathon Oil Company and Sakhalin Energy Investment Company). From June 1996 to 1999, Mr. Golder was seconded from Marathon to Sakhalin Energy Investment Company where he was Executive Vice President — Upstream. Located in Moscow, he managed all upstream activities which focused on the oil development and company infrastructure aspects of the Sakhalin II Project onshore and offshore Sakhalin Island; this included the planning and implementation of the US$650 million development of the Piltun-Astokhskoye oil field and associated infrastructure. He was also Co-Chairman of the Joint Supervisory Board which oversaw the Sakhalin II Production Sharing Agreement. Mr. Golder is currently President of David Golder Consulting, LLC and a member of the Society of Petroleum Engineers. He has a BSc degree in Petroleum & Natural Gas Engineering from Pennsylvania State University and has completed the Program for Management Development at Harvard University.