Roxar
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| Roxar Flow Measurements AS | |
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| Type | Roxar is an independent technology services company. |
| Founded | Roxar was formed in 1999 as a result of a merger between Multi-Fluid ASA and Smedvig Technologies AS. |
| Headquarters | Stavanger, Norway, and major regional service centers in Bergen, London, Houston, Dubai, Kuala Lumpur and Moscow. |
| Industry | Reservoir Management Problems |
| Employees | over 500 people, two thirds of which are a mix of professional engineers, geoscientists, software developers and computer scientists. |
Roxar is a leading international provider of products and associated services for reservoir management and production optimization. Roxar understands reservoir description and Dynamic Flow.
Roxar provides a comprehensive line of real-time, in-line multiphase measurement instruments as well as software for 3D reservoir modeling and simulation.
Roxar is a truly international company with a network of offices in all the major oil and gas producing countries in the world.
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[edit] History
Roxar History – from 1984 to present...
Roxar was formed in 1999 as a result of a merger between Multi-Fluid ASA and Smedvig Technologies AS.
1984 - Smedvig International Petroleum Research Group AS (IPR) is established. The company develops technical solutions within drilling and production.
1987 - Smedvig IPR establishes Permanent Downhole Monitoring Systems (PDMS) in a 50/50 joint venture with Lasalle Pressure Data Services Ltd. Smedvig IPR Services AS is established.
1991 – Smedvig IPR becomes the sole owner of the PDMS business. Smedvig IPR AS buys 30 percent of the shares in IPAC AS, a software company specialising in advanced software for stochastic modelling of reservoirs.
1992 – Multi-Fluid launches the MFI WaterCut Meter. Smedvig IPR AS participates in the formation of Petec AS, a reservoir consulting company.
1993 – Petec AS participates in the formation of Odin AS, a software company specialising in advanced software for stochastic modelling of reservoirs. Smedvig IPR AS merges with Smedvig IPR Services AS and becomes Smedvig Technology AS.
1994 –Smedvig Technology AS acquires the remaining shares in IPAC AS and acquires PTL Tønsberg AS, an electronics company specialised in integrated hybrid circuitry.
1995 – Smedvig Technology AS acquires 100 percent of the shares in Petec AS and Geomatic AS, a company specialising in the 3D reservoir modelling software IRAP RMS. Smedvig Offshore acquires Prodrill Ltd, a drilling consultancy business in the UK, and the management of this company is taken over by Smedvig Technology AS.
1996 –Smedvig Technology AS acquires 49 percent of the shares in Onics, a reservoir consulting company in Moscow. Smedvig Technology AS acquires 100 percent of the shares in Odin AS.
1997 –Smedvig Technology AS becomes Smedvig Technologies (Holding) AS with full ownership of Geomatic AS (former Petec, Geomatic and Ipac). Multi-Fluid is listed on the Oslo Stock Exchange.
1998 – Smedvig Technologies (Holding) AS and Multi-Fluid ASA launch a co-operation to develop a downhole water-cut meter. Multi-Fluid introduces the first subsea multiphase meter.
1999 – Smedvig Technologies (Holding) AS merges with Multi-Fluid ASA and becomes Roxar ASA, a public company quoted on the Oslo Stock Exchange, specialising in reservoir modelling software, PDMS and multiphase metering.
2001 – Roxar ASA acquires Fluenta AS, a company specialising in Multiphase Flow Meters, Flare Gas Meters, Sand Monitoring, and Pig Detection System
2003 – The two major investors in Roxar ASA, Lime Rock Partners LP of the US and Smedvig AS of Norway acquire control of Roxar ASA and the company is delisted.
2004 – Roxar AS establishes a branch office in Moscow and acquires full ownership of Onics in Russia.
2006 – Arcapita, a private equity firm completes acquisition of Roxar.
2007 – Corrocean, a Norwegian firm specializing in corrosion and erosion monitoring in the oil and gas industry acquires Roxar from their former owners. The combined company is renamed Roxar ASA and listed on the Oslo stock exchange as ROX.
[edit] Present
Roxar is a trusted vendor with a strong commitment to a continuing research and development program and a long list of loyal customers that includes large state owned oil and gas companies, multinational integrated companies and a growing number of smaller independents. They develop, design and manufacture software, monitoring and flow metering equipment in close cooperation with their customers.
Roxar’s position as a global leader in the development and delivery of advanced reservoir description and production surveillance systems is based on the quality of the products and services they provide.
[edit] Products
RESERVOIR INTERPRETATION SOLUTIONS:
RMSgeoform, RMSwellstrat.
RESERVOIR MODELING SOLUTIONS:
RMSgeomod, RMSgeoplex, RMSindicators, RMSfaultseal, Fracperm, Geo2Flow RMS.
RESERVOIR SIMULATION SOLUTIONS:
RMSflowsim, RMSstream, RMSsimgrid, Tempest, EnABLE.
WELL & COMPLETION SOLUTIONS:
RMSwellplan, PDMS, Intelligent Network.
PRODUCTION & PROCESS SOLUTIONS:
Multiphase Flow Meter, Pig Detection System, Sand Monitoring, WaterCut Meter, WetGas Meter.
[edit] External links
Category:Computer companies of Norway
