New to the Emerson Process Management fold since last year's Exchange, Norway's Roxar ASA, specialist in subsea modeling and instrumentation for the global oil and gas industry, fills in an important link in Emerson's vertically integrated solutions offering.
In fact, the deal creates the world's first integrated automation solutions company whose products span from subsea oil and gas reservoirs, to platform and floating production, to transmission, and ultimately through refining and production of goods, says David Newman, director global oil & gas sales & marketing, Plantweb Solutions Group, Emerson Process Management. "We believe subsea will be the largest oil and gas market for the next five to seven years, and this acquisition strengthens our position."
Headquartered in Stavanger, Norway, Roxar has annual revenues of $200 million USD. It has 28 offices in 19 countries, with a network of wholly owned offices around the world, and boasts all of the multinationals, major independents and the majority of national oil companies as its clients.
"This acquisition is strategic to extending our solutions to help E&P [exploration and production] owners meet the automation challenges of offshore subsea," comments Steve Sonnenberg, president of Emerson Process Management. "Roxar's knowledge, technology and services combine perfectly to expand Emerson's solutions."
PlantWeb digital architecture uses intelligent digital networks to create smart platforms, FPSOs, and on-shore facilities. Roxar's products and software systems add major subsea capabilities, including smart downhole networks to support E&P owner's growing need for real-time reservoir production optimization and flow assurance.
"Roxar is the upstream industry's largest provider of subsea instrumentation—a complement to Emerson's end-user-voted industry leading instrumentation and valves that power the digital PlantWeb architecture," added Sonnenberg.
"We are excited to join Emerson and bring together our common drive for innovation, complementary products, and customer solutions," says Gunnar Hviding, CEO and President of Roxar. "Our mission, now supercharged by this union, continues to be one of effectively solving E&P owner's reservoir management problems and helping them maximize production."
Roxar solutions are based on knowledge of reservoir flow dynamics by the company's staff of geoscientists, engineers, software developers and computer scientists. The solutions combine real-time data from the company's multiphase flow instruments with predictive models from its software to help operators monitor production continuously, observe and control oil and gas fields from remote locations, process large volumes of vital reservoir data quickly and use the most up-to-date field information when making operational decisions.
As Emerson does for topside and on-shore process management, Roxar experts provide consultancy services for entire reservoir management including topside, subsea and downhole. Roxar solutions allow reservoir operators to make reservoir management and flow assurance decisions with maximum amount of information. Roxar solutions include Reservoir Interpretation, Reservoir Modeling and Uncertainty Management, Reservoir Simulation, Well and Completion, and Production and Process Management.