Roxar is an independent technology services company, dedicated to developing effective solutions to reservoir management challenges for oil and gas companies of all sizes around the world. The company's core competency is leveraging oil and gas reservoir flow dynamics to improve individual well performance and achieve greater recovery from oil and gas fields. With widely recognized products like IRAP RMS TM and Tempest TM, Roxar is the industry leader in 3D reservoir geological modeling and integrated simulation. Within production flow measurement, Roxar provides the most comprehensive suite of real-time subsea and topside multiphase meters, wetgas meters and permanent downhole monitoring systems.
Said Roxar CFO, Ådne Grødem:
Consolidated Group operating revenue in 2004 amounted to NOK 624 million, representing a compound annual growth rate of 18.2% since 2000. Roxar's EBT of NOK 61 million in 2004 has grown 38.8% compounded annually since 2000. The Company has a backlog of NOK 300 million, compared to 150 million at the same time last year.
Roxar CEO, Sandy Esslemont continues:
Roxar is currently owned 100% by Lisme AS, which is owned 50,3% by Lime Rock Partners, 43% by Smedvig ASA and 6,7% by 173 minority shareholders
Most Popular Articles