
Roxar ASA has issued an offer to employees of the Roxar Group to subscribe for up to 2,500,000 shares, each with a par value of NOK 1, at an offer price of NOK 6 per share. The shares are issued as part of Roxar`s incentive plan for employees.
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.
The new company will trade on the Oslo Bors under the ticker ROX. The previous ticker for CorrOcean ASA was COR.
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.
Joint, non exclusive partnership arrangement to provide production and reservoir surveillance services to their clients.
Outlook for the company remains positive with favourable market conditions and a strong strategic position.
Benefits to Include Extended Parallel Processing Capabilities, Larger and More Detailed Reservoir Models, Faster Simulation, and Greater Returns on Existing Investments
New Structural Modeling Tools to Lead to Higher Quality and Faster Models, Better Decision-Making, and Maximum Reservoir Performance
Roxar Opens Cairo Office to Meet Growing Customer Demand and as a Base for Further Expansion in North Africa