Roxar Wins US$1.73m Software & Services Contract

Roxar announced that its software division, Roxar Software Solutions (RSS), has won a US$1.73m contract from PETRONAS Carigali Sdn Bhd for the supply of reservoir modeling software and related training and consultancy services over the next three years.

Under the terms of the contract, PETRONAS Carigali's domestic and global asset team of geoscientists and engineers will use Roxar's Irap RMS software to share information and work together more efficiently, enabling oil field productivity to be increased and the discovery-to-production lifecycle shortened.

Roxar's Irap RMS, widely recognized among the global exploration and production (E&P) industry as the leading product for 3D reservoir interpretation and optimization, consists of a suite of easy-to-use software modules including mapping, modeling, flow simulation, well planning and workflow management tools. PETRONAS Carigali's asset team will be able to run the system on Windows, Linux and Unix – on both desktop and portable PCs.

PETRONAS Carigali, the wholly owned exploration and production arm of PETRONAS, will deploy the software to optimize reservoir performance and recovery in PETRONAS' operated assets in South East Asia, Middle East and North Africa.

Said, Morten Toennesen, Regional Manager of Roxar Software Solutions, Middle East & Asia Pacific:

"We are delighted to have been chosen for such an important investment by PETRONAS Carigali. This agreement represents a major milestone for us in the Middle East and Asia Pacific region as it recognizes our expertise and commitment to working in partnership with our customers to help them to optimize reservoir performance and maximize the value of their assets."

Roxar recently announced expansion plans for its Middle East and Asia Pacific (MEAP) operations to service its growing client base. Customers in the region include Saudi Aramco, the ADNOC group of companies, Kuwait Oil Company, Dubai Petroleum Company, PETRONAS, PetroVietnam, and Santos as well as global accounts ConocoPhillips, Total and BP.