S.D. Standard Drilling Plc announced that Gunnar Hvammen will succeed Robert Petty as Chairman of the Board, effective immediately. Mr. Hvammen, a founding member of Standard Drilling, has been an active Board member since December 2010. Robert Petty, Managing Partner and co-founder of Clearwater Capital Partners LLC, was elected Chairman in May 2011 and will remain on Standard's Board. Mr. Hvammen has served on the board of numerous companies within the offshore, oil service and drilling industries including Offshore Heavy Transport ASA, Global Tender Barges ASA, Songa Offshore ASA and other Songa entities and Aquanos.