Roxar today announced the divestment of its flare metering and measurement business to newly independent, Norwegian based technology company, Fluenta.

Dag Johansen, previously Roxar Sales Director, is to become the Managing Director of Fluenta and the entire business and research and development team behind the Roxar Flaregas meter (10 employees) will follow, guaranteeing a seamless transition of knowledge and expertise. Fluenta will also make use of Roxar’s production facilities in Bergen, Norway until the end of 2007.

Said Roxar CEO, Sandy Esslemont, “In an environment where the world looks to ambitious reductions in CO2 emissions and accurate and verifiable measurement of flare gas emissions, we are enormously proud of the flare measurement technology Roxar has developed.”

“As our reservoir management and production optimization solutions continue to expand, however, we felt that this was the right time to hand over the reigns and spin off the technologies we have researched and developed in a controlled and open manner. We have no doubt that the Fluenta’s team’s focus on innovation and customer service will take the meter to new heights and we wish them every success”, he said.

His words were backed up by Dag Johansen, Fluenta’s Managing Director:

“We are delighted that Fluenta is now home to the most accurate, reliable and widest velocity range flare measurement meter on the market today. We thank Roxar for their support and look forward to an exciting future. For previous Roxar customers, it will be business as usual.”

The Fluenta Flaregas meter is the most robust and accurate flare monitor on the market today and an essential tool for E&P operators. Through the measurement of molecular weights, the meter helps operators accurately measure the composition of flaring emissions and level of CO2 gases and enables them to comply with government and international regulations for pollution control.

The meter measures very low to very high velocity (the largest velocity range on the market today), density, volume and mass flow as well as the average composition of all gases. It is currently used by all major Norwegian oil and gas companies to help calculate taxes payable on CO2 emissions.