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
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.