Roxar Secures Significant Contract to Supply Wet Gas Meters for use by Statoil

Roxar Secures Significant Contract to Supply Wet Gas Meters to FMC Technologies for Use by Statoil on Norwegian Continental Shelf.

Houston, USA, 30 April 2007. Roxar, a leading technology solutions provider to the upstream oil and gas industry, today announced that it has signed a deal to supply its industry leading Roxar subsea Wetgas meters to FMC Technologies for several key Statoil key gas fields in the Norwegian Continental Shelf (NCS), including the Alve field. The announcement comes on the opening day of the 2007 Offshore Technology Conference, taking place in Houston.

The contract was signed with FMC Technologies, one of the world’s leading EPC (Engineering Procurement Construction) companies, who is supplying the subsea systems to Statoil. The deal reflects FMC Technologies and Statoil’s continued focus on innovation and development in the NCS.

The Roxar subsea Wetgas meter is the latest in wet gas metering technology, providing real-time, accurate measurement of hydrocarbon flow rates and water production as well as online detection of formation water breakthrough.

The meter’s ability to measure water in very small amounts is an important input parameter for Statoil in the Alve field in gaining a further understanding of the reservoir, guaranteeing continuous flow, optimizing equipment, and allowing for preventative or remedial action to be taken, such as optimizing chemical injection.

In addition, controlling hydrates in the subsea production system and ensuring the correct composition of the pipeflow prior to entering the transport systems was a key driver in the selection process for the other fields.

Said Roxar CEO, Sandy Esslemont:

““Since 1987, Roxar has been a key partner to Statoil, bringing increased flow assurance and production optimization to Statoil’s operations worldwide. Whether it be production well testing, improved reservoir management, or hydrate prevention, the accurate measurement of wet gas flow is crucial to managing one’s fields and in the case of Statoil, ensuring the right pipeflow composition when entering transport systems.”

“The Roxar subsea Wetgas meter remains unrivalled in terms of its proven technology, functionality and accuracy and we look forward to helping Statoil maximize economic performance from the Alve and other fields.”“

The Alve field is a gas/condensate/oil field, which lies 16 kilometers south-west of the Norne field in water depths of 390 meters, and will be developed as a satellite tie-back to the existing Norne FPSO (Floating, Production, Storage and Offloading) vessel. Recoverable reserves are estimated to be 6.78 billion cubic meters of gas and 8.3 million barrels of condensate with output expected to commence in December 2008.

The Roxar subsea Wetgas meter is a compact, state of the art meter for the inline measurement of wet gas flow and is designed for installation in wells with GVF more than 95 per cent volume. Performance tests have shown the meter is able to detect changes in the water production with sensitivity better than +0.005 per cent volume while the absolute accuracy is +0.1 per cent volume in high GVF (more than 98.5 per cent) cases.

Roxar creates value for its customers through its Reservoir Interpretation, Reservoir Modeling, Reservoir Simulation, Well and Completion, Production and Process Solutions and Consultancy Services.

Roxar is a key provider of multiphase metering to Statoil, with Roxar subsea Wetgas meters in place in the Snøhvit and Mikkel wet gas fields. In September 2005, Roxar installed the largest multiphase meter (12”) ever to be delivered to the oil and gas industry at Statoil’s Norne field on the FPSO vessel.

Roxar is exhibiting at the Offshore Technology Conference (Booth Number 5963).

Note to Editors

About FMC Technologies
FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry and other industrial markets. FMC Technologies is the leading manufacturer and supplier of subsea production systems, including subsea trees, controls and manifold and tie-in systems.

About Statoil
Statoil is an integrated oil and gas company with considerable international activities. Represented in 33 countries, it is engaged in exploration and production in 15 of these. The group’s head office is in Stavanger, Norway. At 31 December 2005, Statoil had 25,644 employees. The group is operator for 24 oil and gas fields on the Norwegian continental shelf and accounts for 60% of all Norwegian petroleum production. As operator for 23 seabed facilities, Statoil is a leader in subsea production.

About Roxar
Roxar is a leading international technology solutions provider to the upstream oil and gas industry. The company creates value for its customers through innovative products and services that help achieve maximum performance from oil and gas reservoirs.

With its head offices in Stavanger, Norway, Roxar employs over 650 staff across a network of wholly owned offices in Europe, the Americas, Africa, CIS, Asia Pacific and the Middle East. Founded in May 1999, the company generated revenues of approximately US$160 million in 2006. Roxar’s International customer base includes all of the multinationals, major independents and the majority of national oil companies.

For Further Information:
Sandy Esslemont (USA)
CEO, Roxar Group
Tel: +1 713 482 6439
Email:

Even Gjesdal
CFO, Roxar Group
Tel: +47 51 81 88 00
Email:

Svenn Haugen
Group Marketing Director
Tel: +47 51 81 88 00
Email:

Paul Fisher, Axiom Communications Management
Tel: +44 (0) 1285 713 776 / Fax: +44 (0) 1285 713 071
Email: