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Management
Ivar Siem - Chief Executive
Officer and Chairman of the Board of Director
Since October 1989, Mr. Siem has served as
Chairman of Blue Dolphin Energy. From 1995 to 2000, Mr. Siem served on
the Board of Directors of Grey Wolf Inc., during which time he served as
Chairman from 1995 to 1998 and interim President (1995) during it’s
restructuring. He has served as a Director of Business Development for
Norwegian Petroleum Consultants and as an independent consultant to the
oil and gas exploration and production industry based in London,
England.
Mr. Siem started his career as a petroleum engineer for Amoco, followed
by seven years with the Fred. Olsen Group. During this time he
established Fred. Olsen Inc., a US oil and gas exploration company and
became President for Dolphin International, Inc. which was Fred. Olsen’s
drilling company at that time. He
holds a Bachelor of Science Degree in Mechanical Engineering from the
University of California, Berkeley, and has completed an executive MBA
program at Amos Tuck School of Business, Dartmouth University.

David
McCarver – SVP &
Chief Operating Officer
Mr. McCarver
has been associated with the energy industry since 1973, when he joined Amoco
Production Company as a Permian Basin landman after receiving a BBA degree from
the University of Texas. In 1977, he joined LOFCO, which was later
combined with several other limited partnerships, with McCarver serving as
General Partner. In 1985, the assets of those limited partnerships were combined
to form American Coastal Energy, Inc.
As Vice
President Land for American Coastal Energy he assembled land positions, onshore
and offshore, for over 50 prospects in the Gulf Coast and East Texas basins. He
teamed with company geoscientists to promote each prospect to industry partners,
generating over $100,000,000 in capital expenditures. He negotiated all company
participation agreements, joint venture agreements, consulting agreements,
employment contracts, and marketing agreements. After being promoted to
President and COO in 1998, he helped change the company profile from a pure
generating shop to an operating, acquisition, and exploitation company. Between
1998 and 2004, he headed up the company team in dealing with commercial lenders
and equity investors in four separate transactions totaling over $40,000,000. He
also oversaw the monetization of American Coastal Energy’s assets, resulting in
a $25,000,000 sale.
Hernan Bermudez – Vice
President
Operations
Mr. Bermudez has over 23 years experience in
the oil and gas industry. He
graduated from the University of Texas with a degree in Petroleum Engineering in
1979 at which time he went to work for Lagoven S.A.
Mr. Bermudez gained extensive experience in the fields of drilling,
workover and production, and in senior management in land and offshore
operations. These operations
included both Lake Maracaibo as well as offshore Venezuela.
During his service to Lagoven, Mr. Bermudez managed operations on Lake
Maracaibo, Venezuela, including 12 Lagoven owned and operated barges.
In 1995, Mr. Bermudez worked for Baker Hughes as Managing Director for
E&P Solutions, Latin America. Mr.
Bermudez’ responsibilities included all projects involving Integrated
Solutions (multiple product lines), field development services and performance
contracts. During his tenure with Baker Hughes, he also was responsible
for implementing innovative technology contracts such as offshore under balanced
coil tubing drilling.

Haavard
Strommen – Chief
Financial Officer
Mr Strommen has served as CFO of
Drillmar since 2004.
Prior to this he served as Manager
of Finance for Blue Dolphin Energy Company from 2000 to 2004 with
responsibilities for investment and financing activities as well as public
relations. While working for Blue Dolphin from 2003 to 2004, Mr. Strommen was engaged as a valuation expert witness for the law firm
Locke Liddell & Sapp on behalf of BP Exploration and Production, BP America
Production Company, ConocoPhillips Company, Inc, Chevron Texaco Inc, The
Atlantic Richfield Company and Oxy USA Inc. in the Panaco, Inc bankruptcy. From 1997-2000 Mr. Strommen worked for Den Norske Bank's
Energy Department in Oslo, Houston and New York. He also worked as an executive
officer for the Norwegian Ministry of Foreign Affairs and the Norwegian Ministry
of Trade and Industry. He worked for Dyno Industries ASA with assignments in
France, Hungary and the Czech Republic. Mr. Strommen holds a Sivilokonom/Bachelor
degree from the Norwegian School of Economics and Business Administration and a
CEMS Master (Community of European Management Schools) in Finance from
Universite Catholique de Louvain in Brussels, Belgium.
Ron Keller
– Vice President Exploitation
Mr. Keller has 40
years experience in the oil and gas industry. Mr.
Keller began his career as a geologist with Amoco Production
Company serving in various technical and management
capacities from 1962 through 1976. From 1982 until 1990, he
served as Senior Vice President – Exploration for Sandefer
Oil and Gas Company, managing a $300 million drilling
program over a nine year period.
He served as Vice President and Division Manager for
Florida Exploration Co. from 1976 to 1980 before he became
Vice President - Exploration and Production for Volvo
Petroleum, Inc. in 1981.
Mr. Keller has served as Executive Vice President –
Exploration and Production of Blue Dolphin Energy since
September 1990. He has served as Vice President of American
Resources Offshore, Inc. since December 1999.
Mr. Keller holds
Bachelor of Science and Master of Science degrees in
Geology from the University of Florida.

Fredy Gonzales
– Vice President Engineering
Mr. Gonzalez has over 25 years experience in the oil and gas
industry. He graduated from the University of Wyoming at
Laramie, Wyoming, USA with a degree in Chemical Engineering in
1979 at which time he went to work for Santa Fe Drilling
International. During his services to Santa Fe, Mr. Gonzalez
managed operations of two Lake Maracaibo drilling barges, three
drilling land rigs and one workover land rig in west Venezuela.
In 1988, Mr. Gonzalez worked for Lagoven S.A and managed
operations on Lake Maracaibo, Venezuela, including 4 owned
Lagoven barges and three contracted Jack Up rigs. In 1996, Mr.
Gonzalez worked for Geoservices as Integrated Services Manager
for Venezuela. Mr. Gonzalez’ responsibilities included the
provisions of engineering services to PDVSA and all projects
involving Integrated Solutions.
In 1998, Mr. Gonzalez worked for Baker Hughes as Integrated
Solutions Manager for Venezuela. Mr. Gonzalez responsibilities
included all projects involving Integrated Solutions (multiple
product lines), field development services and performance
contracts. In 2001, Mr. Gonzalez worked for Precision Drilling
International as General Manager for Venezuela. Mr. Gonzalez was
responsible of managing the operation of five pad drilling rigs
working in the area of Orinoco Belt in east Venezuela.
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