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Margareth Øvrum Member of the Audit and HSES Committee, Transocean Ltd.

Margareth Øvrum photo

Margareth Øvrum, age 65, Norwegian citizen, has served as a director of the Company since 2021. Ms. Øvrum served as Executive Vice President of Equinor ASA, Development and Production Brazil until 2021 when she retired after nearly 40 years with Equinor. Her tenure at Equinor included working as President, Equinor Brazil from 2018 to 2020; Executive Vice President of Technology, Projects and Drilling from 2011 to 2018; Executive Vice President, Technology and New Energy for Statoil Hydro from 2007 to 2011; Executive Vice President of Technology and Projects from 2004 to 2007 and Executive Vice President of Health, Safety and the Environment during 2004. Ms. Øvrum began her career in 1982 at Equinor in Strategic Analysis, Production and Maintenance and within a decade became the first female platform manager of the company’s oldest fields in the North Sea. Ms. Øvrum currently serves on the board of directors of Harbour Energy (OTCPK: ENGH) since 2021, Technip FMC (NYSE: FTI) (PARIS: FTI) since 2020 and FMC Corporation (NYSE: FMC) since 2016. Ms. Øvrum previously served as a director of private company Fjordbase Holding (from 2021 to 2023); director of Alfa Laval AB (from 2015 to 2019); Atlas Copco AB (from 2008 to 2017) and Ratos AB (from 2009 to 2014).

Ms. Øvrum received her Master of Science degree in Technical Physics from Norwegian Technical University in 1981.