Roxar get subsea reservoir modelling solution contract with StatoilHydro
2008.06.26 -
Contracts
Roxar ASA (Oslo Børs: ROX), a technology solutions provider to the upstream oil and gas industry, today announced that it has signed an LOI for a four-year global software contract for the full suite of its reservoir modelling solution, IRAP RMST, with oil and gas giant, StatoilHydro.
The contract, valued at approximately US$ 6 million (NOK 30 million) per annum, is one of the largest ever contracts for Roxar's software division. Roxar has previously held software agreements both with Statoil and Hydro, and the new, combined contract represents an increase of sales value of about 10%.
This agreement will allow StatoilHydro's geologists, geophysicists, reservoir engineers and drilling engineers' unlimited global access to IRAP RMST, widely recognized as the leading 3D software application for reservoir characterization in the exploration and production (E&P) industry today.
The result for StatoilHydro will be higher quality and faster modelling, better decision-making, maximizing reservoir performance, and lowering the risk and uncertainty in exploration and production, with asset teams able to develop integrated well planning, drilling and production strategies in locations offering the best financial return.
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
