The contract is the largest recorded single order to date for Multiphase Flow Meters to the oil and gas sector, further strengthening Roxar's position as the market leader in online and in-line multiphase flow metering.
Roxar's Multiphase Flow Meters are designed to continuously measure the flow rates of oil, water and gas in the well stream, without the need for separation. Multiphase meters are used in the oil and gas industry for well testing and continuous well monitoring. The information from the meters is used to determine the optimal production capacity of each individual well over the lifetime of the field, thus allowing accelerated production and increased recovery.
Roxar sees an increasing interest in utilizing multiphase meters for continuous well monitoring, compared with conventional well testing. This trend is particularly evident for subsea applications and for high value wells onshore. The main benefit of continuous monitoring is that operators are better informed and can predict when a problem is developing, thus avoiding escalation of a potential problem that could cause permanent damage to the well or the reservoir.
The contract follows other recent deals in the Middle East to purchase Roxar's industry standard reservoir modeling software, IRAP RMS, additional MPFM 1900VI Multiphase Meters, WaterCut Meters and Downhole Pressure and Temperature Gauges.
Said Roxar CEO, Sandy Esslemont:
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