Roxar to Supply Monitoring Equipment to Major Mideast Operator

Roxar on Wednesday announced that it has signed two multi-million US dollar contracts to supply 43 dual downhole gauge systems (Permanent Downhole Monitoring Systems) to a leading Middle Eastern operator.

The Roxar downhole HM gauge, which transmits digitized pressure and temperature data to the surface, is one of the world's leading instruments for permanent pressure and temperature measurement in oil and gas reservoirs and is scheduled for delivery by October 2007. It is a key component of Roxar PDMS (Permanent Downhole Monitoring Systems).

The deal confirms Roxar's position as a leading provider of downhole instrumentation and measurement throughout the Middle East region. Recent deals include the largest single order ever of multiphase meters in May 2005 and the supply of over 15 Roxar subsea Wetgas meters, offshore Egypt.

Said Roxar CEO, Sandy Esslemont:

"Roxar's monitoring systems continue to be at the forefront of permanent subsurface instrumentation providing our customers the information they need to better manage their reservoirs and optimize production. We are delighted to be consolidating our position in the Middle East today and providing our client with highly effective and intervention–free reservoir surveillance on an around-the-clock basis."

Roxar's PDMS equipment ensures reliable around-the-clock access to downhole information, such as reservoir pressure and temperature, from any office location, improving reservoir management, well planning and resource exploitation.

The Roxar PDMS is highly robust and reliable for onshore, offshore and subsea wells and is deployed in production, injection and observation wells as well as in conjunction with the instrumentation of highly complex multi-zone intelligent wells. Customers include BP, Hydro, Statoil and Total.

Roxar creates value for its customers through its Reservoir Interpretation, Reservoir Modeling, Reservoir Simulation, Well and Completion, Production and Process Solutions and Consultancy Services.

Roxar is a leading international technology solutions provider to the upstream oil and gas industry. The company creates value for its customers through innovative products and services that help achieve maximum performance from oil and gas reservoirs.

With its head offices in Stavanger, Norway, Roxar employs over 650 staff across a network of wholly owned offices in Europe, the Americas, Africa, CIS, Asia Pacific and the Middle East. Founded in May 1999, the company generated revenues of approximately US$160 million in 2006. Roxar's International customer base includes all of the multinationals, major independents and the majority of national oil companies.

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