The Board of Directors highly evaluated the performance of Nobel Oil Services on the third quarter Meeting.

The meeting successfully brought together board members, the shareholder representatives and company’s management to assess the performance results since last Board meeting and discuss future plans.

Board Members welcomed efforts of Nobel Oil Services and its subsidiaries aimed to maintain sustainable performance and demonstrate high standards of HSE, compliance, excellence and quality. The Board commended for good HSE results; for the last period "0" DAFWC (Days Away From Work Cases) were observed as a result of constant and professional HSE inputs.

It was noted that the company successfully continues development of compliance practice and world-class corporate management by further extension of its Compliance Management System.

The meeting was chaired by Eamon Gorman, who presented the agenda of the meeting and further summarized the conclusions in his closing speech.

Gustaf Nobel, the Board member, highly valued efforts of the management team in respect of new business opportunities in the time of crude oil price fluctuations.

Next meeting is scheduled for January 2018.

Nobel Oil Services is a diversified group of energy-related businesses registered in the UK with Corporate Governance framework developed in line with the UK Governance Code and UK legislation.

Business entities operating within Nobel Oil Services provide drilling, construction and project management, as well as equipment maintenance, procurement and enhanced oil recovery services.