Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/spot_news/roxar-revels-in-suite-sale.shtmlRoxar revels in suite sale
Norway-based reservoir flow expert Roxar has won a 10-million-kroner ($1.6 million) software contract with an unnamed Middle Eastern client enamoured by ...
Norway-based reservoir flow expert Roxar has won a 10-million-kroner ($1.6 million) software contract with an unnamed Middle Eastern client enamoured by the supplier's full reservoir management suite.
Comprising the deal are Roxar's reservoir simulation solution Tempest, its history-matching and forecasting EnABLE and seismic interpretation kit VisualVoxAT.
Roxar had only just released the latest version of its Tempest simulation suite said to be faster and more "multi-tasking" than the earlier version. More user-data interface makes the new suite easier to use for a wider range of engineer talent.
Roxar's board, meanwhile, has recommended shareholders accept a takeover offer by St. Louis-based wireless outfit Emerson Electric Co..