BP Extends Agreement with Roxar for Downhole Monitoring

BP Norway has confirmed extension of a frame agreement with Roxar for the provision of downhole instrumentation for pressure and temperature monitoring on fields in the Norwegian sector of the North Sea. The agreement has a potential contract value of 10 to 15 million NOK per year over an initial period of two years with options for further extensions.

Says Sandy Esslemont, CEO of Roxar ASA: "This agreement again confirms that we are able to meet expectations of major international field operators with our downhole instrumentation systems. Together with other contracts won recently, it is clear that the results of our ongoing product reliability and functionality improvement program are recognized by the industry".