Lone Olstad
About Lone Olstad
Lone Olstad serves as the VP of the Project Management Office at Cognite, where he has worked since 2020. He has extensive experience in project management and engineering roles across several companies in the oil and gas sector, including Marathon Oil Corporation and Aker BP ASA.
Work at Cognite
Lone Olstad serves as the Vice President of the Project Management Office at Cognite, a position held since 2020. In this role, Olstad oversees project management strategies and initiatives, ensuring alignment with the company's operational goals. Cognite focuses on digital transformation in industrial sectors, and Olstad's leadership contributes to enhancing project delivery and performance within the organization.
Previous Experience in Project Management
Before joining Cognite, Lone Olstad held several significant positions in project management across various companies. At Aker BP ASA, Olstad worked as the Subsea Alliance Manager from 2016 to 2019, where they managed the growth of the Subsea Alliance, expanding from one project to ten projects within a year. Prior to that, Olstad was a Project Services Manager for Det norske oljeselskap ASA in 2015 and served as a Project and Tendering Manager at Marathon Oil Corporation in 2014.
Career Background in Oil and Gas
Lone Olstad has a comprehensive background in the oil and gas industry, having worked for multiple prominent companies. Olstad's career includes roles at ExxonMobil as a Reservoir and Production Engineer from 2001 to 2006, and at Marathon Oil Corporation as an Asset Improvement Manager for the Alvheim Asset from 2010 to 2012. This extensive experience has provided Olstad with a deep understanding of project execution and operational efficiency in the sector.
Achievements in Subsea Projects
Throughout their career, Lone Olstad has achieved notable results in subsea project management. Olstad successfully developed the vision and values for the Subsea Alliance and implemented processes and governance structures that led to significant cost savings and improved execution times. Specifically, three projects completed under Olstad's management achieved execution costs 10-30% below budget and approximately 25% faster execution times over three years.
Educational Background
Specific details regarding Lone Olstad's educational background are not provided. However, the extensive experience in engineering and project management across various roles suggests a strong foundation in relevant academic qualifications typically required in the oil and gas industry.