
Following the completion of the CorrOcean/Roxar transaction, Øystein L. Narvhus (COO) has expressed his wish to step down from the Roxar management team.
Roxar ASA today announced that it has received an Order to Proceed to supply downhole equipment to the Norwegian Continental Shelf. The Order to Proceed has an estimated value of NOK 70-100 mill.
CorrOcean ASA today announced that it has received a Purchase Order worth 25 mill NOK to supply topside meters to a Middle Eastern operator. CorrOcean ASA will shortly change its name to Roxar ASA.
Outlook for the company remains positive with favourable market conditions and a strong strategic position.
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The need for more quality information from subsea wells is paramount for optimizing reservoir performance and enhancing ultimate recovery, for allocation, and for flow assurance.