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{{short description|Norwegian oil and gas provider}}
{{Primary sources|date=July 2009}}
{{Primary sources|date=July 2009}}

{{Advert|date=July 2009}}
{{Infobox Company
{{Infobox company
| company_name = Roxar AS
| name = Roxar AS
| type = [[Privately held company|Private]]
| company_logo = [[Image:Roxar logosmall.jpg|center|{{deletable image-caption|1=Tuesday, 21 July 2009}}]]
| company_type = [[Private]]
| location = [[Stavanger]], [[Norway]]
| location = [[Stavanger]], [[Norway]]
| foundation = 1984
| foundation = 1984
| key_people = Gunnar Hviding (CEO)
| area_served = Global
| area_served = Global
| industry = [[Oil & Gas]]
| industry = [[Petroleum industry|Oil & Gas]]
| products =
| products =
⚫
| parent = Emerson Electric
| revenue = {{profit}} [[Norwegian krone|NOK]] 1,365 million (2008)
⚫
| homepage = http://www.emerson.com/roxar
| operating_income = [[Norwegian krone|NOK]] 85 624 (2008)
| net_income = {{profit}} [[Norwegian krone|NOK]] -307 million (2008)
| num_employees = 900 (December 2008)
⚫
| parent = Emerson Group
⚫
| homepage = http://www.roxar.com
| footnotes =
| footnotes =
}}
}}


'''Roxar AS''' is an international provider of products and associated services for reservoir management and production optimisation in the upstream oil and gas industry. Roxar is headquartered in [[Stavanger]], [[Norway]] and operates in 19 countries with around 900 employees. Roxar offers software for reservoir interpretation, modelling and simulation, as well as instrumentation for well planning, monitoring and metering. Roxar was acquired by [[Emerson Electric Company]] in April 2009 and is now part of the [[Emerson Process Management]] Group.
'''Roxar AS''' was a provider of products and associated services for reservoir management and production optimisation in the upstream oil and gas industry. Roxar was headquartered in [[Stavanger]], [[Norway]] and operated in 19 countries with around 900 employees. Roxar offered software for reservoir interpretation, modelling and simulation, as well as instrumentation for well planning, monitoring, metering and production optimisation. Roxar was acquired by [[Emerson Electric Company]] in April 2009.


Roxar developed real-time [[multiphase flow measurement]] and instrumentation of [[Oil well|wells]] and [[data acquisition]] systems.
Roxar has two main divisions; Software Solutions and Flow Measurement.

<br />'''Roxar Flow Measurement''' provides real-time [[flow measurement]] and instrumentation of [[wells]] and [[data acquisition]] systems. From high temperature [[reservoir]] monitoring to [[multiphase flow]] metering, sand [[erosion]] sensors, [[oil]] in water monitoring, and [[corrosion]] detection, the technology helps operators make reservoir management and [[flow assurance]] decisions.

<br />'''Roxar Software Solutions''' develops and supplies software for 3D [[modelling]], analysis and
Integrated [[simulation]] of oil reservoirs. Flagship software products include Roxar’s reservoir modelling suite Irap RMS, Tempest reservoir simulation software and its history matching and uncertainty estimation software EnABLE.

== Reservoir Simulation ==

Prediction of reservoir performance underpins the economic decision making process. Fast and accurate simulation results are therefore a critical requirement for successful reservoir management.

Roxar provides a full range of reservoir engineering and simulation tools for reservoir simulation and for the gridding and upscaling of geological models, visualization of results, assisted history matching and production uncertainty prediction.

The Irap RMS suite offers Roxar’s gridding and upscaling solution with links to all major industry simulators. A visual simulator based upon the Tempest simulator is also available, fully integrated into the reservoir modelling workflow. For model validation and ranking Irap RMS also has a streamline analysis module.

The Tempest suite provides a full featured black oil and compositional simulator at an affordable price. With a complete set of post processing tools, PVT analysis, links to surface network modeling and a parallel processor option it offers that which a reservoir engineer would expect from a modern reservoir simulator.

EnABLE provides statistically based assisted history matching tools which can dramatically reduce the time required to gain a history match, whilst also improving the quality. EnABLE can also be used to estimate the uncertainty in the production forecast and assist optimization of field development plans.

== Reservoir Modelling ==

Reliable geological reservoir models are the foundation stones upon which optimum field development and hydrocarbon recovery are built. Roxar’s modelling solutions are widely recognised{{Citation needed|date=July 2009}} as industry leading, providing tools for tackling every scale of reservoir problem, from simple to complex, from small to massive.

Their ability to integrate a wide range of reservoir data, across the characterisation workflow, whilst also quantifying the uncertainty, makes them invaluable tools for improved reservoir management decision making.

The Irap RMS suite includes Roxar’s structural modelling in addition to industry geological property modelling tools. This includes a wide range of methods and approaches including Roxar’s object based facies modelling. Rapid and real time model updating are also available through the use of the integrated workflow management tools.


== History ==
== History ==
Line 55: Line 25:
1984 - Smedvig International Petroleum Research Group AS (IPR) is established. The company develops technical solutions within drilling and production.
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.
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.
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.


1991 - First CorrOcean subsea sensor is installed on the [[Norwegian Continental Shelf]]
1991 - First CorrOcean subsea sensor is installed on the [[Norwegian Continental Shelf]]


1992 – Multi-Fluid launches the MFI WaterCut Meter. Smedvig IPR AS participates in the formation of Petec AS, a reservoir consulting company.
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.
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.
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.
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.
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.
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.
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.
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 meters, flare gas meters and sand monitoring.
2001 – Roxar ASA acquires Fluenta AS, a company specialising in multiphase meters, flare gas meters and sand monitoring.


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.
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.
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. Roxar acquires EnergyScitech, a UK-based independent consultancy and software development company.
2006 – [[Arcapita]], a private equity firm completes acquisition of Roxar. Roxar acquires EnergyScitech, a UK-based independent consultancy and software development company.


2007 – CorrOcean acquires oil service company Mareco AS and adds complimentary products for chemical and MEG/Methanol injection to its Subsea portfolio.
2007 – CorrOcean acquires oil service company Mareco AS and adds complementary products for chemical and MEG/Methanol injection to its Subsea portfolio.


2007 - Roxar is acquired by CorrOcean ASA (est. 1979) and following the merger the company is listed at the Oslo Stock Exchange as Roxar ASA.
2007 - Roxar is acquired by CorrOcean ASA (est. 1979) and following the merger the company is listed at the Oslo Stock Exchange as Roxar ASA.
2009 - Roxar is acquired by Emerson, St. Louis USA and becomes part of a USD 28 billion company
2009 - Roxar is acquired by Emerson, St. Louis USA and becomes part of a US$28 billion company.

== Management ==

Gunnar Hviding – Chief Executive Officer<br />
Richard Graves – Vice President, Finance & CFO<br />
Kenneth Olsvik – Senior Vice President, Measurement<br />
Terje Svendsen - MD Roxar Flow Measurement<br />
Ordin Husa - MD Roxar Software Solutions<br />
Kjersti Heggem – Director, Human Resources<br />
Dimitry Bolotnik – General Manager, CIS


== See also ==
== See also ==
Line 105: Line 65:
*[[Halliburton]]
*[[Halliburton]]
*[[Emerson Electric Company]]
*[[Emerson Electric Company]]
*[[FMC]]
*[[FMC Technologies|FMC]]
*[[Cameron International Corporation]]
*[[Cameron International Corporation]]


== External links ==
== External links ==
*[http://www.roxar.com Roxar main website]
*[http://www.emerson.com/Roxar main website]
*[http://www.roxar.com/topside Roxar Topside section]
*[http://www.roxar.com/subsea Roxar Subsea section]
*[http://www.roxar.com/downhole Roxar Downhole section]
*[http://www.roxar.com/software Roxar Software section]


== References ==
== References ==
*[http://www.emersonprocess.com/solutions/oilgas/ Emerson Process Management]
*[http://www.emersonprocess.com/solutions/oilgas/ Emerson Process Management]
⚫
*[http://www2.emersonprocess.com/siteadmincenter/PM%20Roxar%20Documents/Reservoir%20Management%20Software/RSS%20Articles/Zeus%20Technology%20Magazine%20Jan%2009.pdf Article: "Reducing Uncertainty in Reservoir Management" Zeus Technology Magazine, January 2009 ]
*[http://www.roxar.com/getfile.php/Files/Financial%20Reports/Roxar%20annual%20report%202008.pdf Roxar Annual Report 2008]
*[http://www2.emersonprocess.com/siteadmincenter/PM%20Roxar%20Documents/Flow%20Metering/Oil%20and%20Gas%20Technology%20september2010.pdf Article: “Challenges in maximising production” Oil & Gas Technology September 2010]
⚫
*[http://www.roxar.com/getfile.php/Files/Articles%20%26%20Papers/rprnt%20-%20roxar%20-%203%20pgs.pdf Article: "Reducing Uncertainty in Reservoir Management" Zeus Technology Magazine, January 2009 ]
*[http://www2.emersonprocess.com/en-US/news/pr/Pages/509-Roxar.aspx Press Release: Emerson Acquires Roxar]
*[http://www.roxar.com/getfile.php/Files/Articles%20%26%20Papers/74-75_BrownfieldS.pdf Article: “More from less” Pipeline Magazine June 2007]
*[http://www.roxar.com/article.php?articleID=6527 Press Release: Emerson Aquires Roxar]
*[http://www2.emersonprocess.com/en-US/news/pr/Pages/1008-RMS2010.1.aspx Press Release: Roxar launches RMS 2010.1]
*[http://www.roxar.com/article.php?articleID=6364 Press Release: Roxar launches RMS2009]
*[http://www2.emersonprocess.com/en-US/news/pr/Pages/1007-RoxarChemicalInjection.aspx Press Release: Roxar launches subsea Chemical Injection valve]
*[http://www.roxar.com/article.php?articleID=6366 Press Release: Roxar launches MPFM 2600]


[[Category:Technology companies of Norway]]
{{Uncategorized|date=August 2009}}
[[Category:Companies formerly listed on the Oslo Stock Exchange]]

Latest revision as of 11:59, 14 December 2023

Roxar AS
Company typePrivate
IndustryOil & Gas
Founded1984
HeadquartersStavanger, Norway
Area served
Global
ParentEmerson Electric
Websitehttp://www.emerson.com/roxar

Roxar AS was a provider of products and associated services for reservoir management and production optimisation in the upstream oil and gas industry. Roxar was headquartered in Stavanger, Norway and operated in 19 countries with around 900 employees. Roxar offered software for reservoir interpretation, modelling and simulation, as well as instrumentation for well planning, monitoring, metering and production optimisation. Roxar was acquired by Emerson Electric Company in April 2009.

Roxar developed real-time multiphase flow measurement and instrumentation of wells and data acquisition systems.

History

[edit]

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.

1991 - First CorrOcean subsea sensor is installed on the Norwegian Continental Shelf

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 meters, flare gas meters and sand monitoring.

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. Roxar acquires EnergyScitech, a UK-based independent consultancy and software development company.

2007 – CorrOcean acquires oil service company Mareco AS and adds complementary products for chemical and MEG/Methanol injection to its Subsea portfolio.

2007 - Roxar is acquired by CorrOcean ASA (est. 1979) and following the merger the company is listed at the Oslo Stock Exchange as Roxar ASA.

2009 - Roxar is acquired by Emerson, St. Louis USA and becomes part of a US$28 billion company.

See also

[edit]
[edit]

References

[edit]
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