The deal is a two-year extension of the original contract signed in 2000. Under the extended agreement, Roxar will provide project planning, installation and maintenance services to help Hydro maximize its investment in downhole instrumentation. Roxar has been the key supplier of PDMS systems to Hydro since 1994.
Roxar's PDMS equipment ensures reliable around-the-clock access to downhole information from any office location, improving reservoir management, well planning and resource exploitation. PDMS will provide mission-critical, real-time pressure and temperature information from both Hydro's conventional and multi-zone intelligent wells, the data gathered being crucial to increasing oil and gas recovery from Hydro's reservoirs.
Roxar CEO, Sandy Esslemont, welcomed the announcement: "Roxar's monitoring systems continue to be at the forefront of permanent subsurface instrumentation and continue to give our customers the information they need to better manage their reservoirs and optimize production. We are delighted to be extending our relationship with Hydro today and providing them with highly effective and intervention-free reservoir surveillance on an around-the-clock basis.
"Hydro's world-renowned project execution skills and experience in deep water and rough sea fields has ensured maximized production from its North Sea and global operations over the past few years. By continuing to partner with Roxar, Hydro is demonstrating its confidence and satisfaction in Roxar's technology solutions and can look forward to outstanding reservoir performance for many years to come."
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