Knowledge and Roxar Form JV to Offer Reservoir Surveillance Services

Knowledge Reservoir and Roxar announced a joint, non exclusive partnership arrangement to provide production and reservoir surveillance services to their clients.

Knowledge Reservoir delivers its production and reservoir surveillance solution under the RTASSM brand while Roxar's subsurface monitoring and analysis solutions come under its Integrated Reservoir and Production Management (iRPM™) portfolio. Together, the two companies will deliver to customers "Roxar iRPM Services supported by RTAS from Knowledge Reservoir."

Since May 2007, the two companies have been working closely with a mutual client to monitor and analyze permanent downhole sensor data generated by Roxar from a complex field in the Norwegian North Sea. This turnkey project involved seamless data access and transfer, monitoring, analysis, interpretation and report generation for the Norway-based client with work performed remotely from Houston, Texas.

Dr. Ivor R. Ellul, President of Knowledge Reservoir, stated, "talent and technology have been brought together to meet clients' needs in this day and age of limited resources. The RTAS service proves the viability of remote production and reservoir surveillance in the digitally-enabled oilfield."

Gunnar Hviding, CEO, Roxar, said, "Roxar's monitoring solutions continue to be at the forefront of permanent downhole instrumentation providing our customers with intervention-free reservoir surveillance and value-added iRPM analysis services. Partnering with Knowledge Reservoir will ensure that the maximum amount of value is generated from this data. We look forward to a productive relationship – both for Roxar and Knowledge Reservoir and for our operator customers."

Knowledge Reservoir's RightTimeSM Analysis Services (RTAS) deliver value-added analyses of production data, collecting and analyzing oilfield performance data from a variety of sensors and meters, both downhole and topside.