Major SESAM Contract in China for DNV

DNV Software has secured a 2.7 MNOK SESAM contract with the China National Offshore Oil Corporation (CNOOC) for Deepwater Field Developments.

SESAM is a comprehensive software system for structural and hydrodynamic analysis tailored for the offshore and maritime industries. The contract with CNOOC is the third in a year, representing an important strategic investment for the Chinese oil company's deepwater field developments in the South China Sea.

"SESAM has rapidly become the market leading software solution for design of floating offshore installations in China", says Øystein Goksøyr, Regional Manager for DNV Software Greater China. "Chinese industry is acknowledging Norway's and DNV's high expertise in deep water field developments and they understand that much of our know-how is built into the software applications."

China's search for oil and gas supplies to meet their increasing demand has speeded up their domestic exploration including high tech deep water developments in the South China Sea. CNOOC are now in the process of early design evaluations of the deep water installations. Their goal is to have first oil in five years.

"The contract positions DNV well for further involvements in these projects and I'm expecting the other major oil companies in China to follow CNOOC's choice of SESAM in near future" says Goksøyr.