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Tuesday, February 10, 2009
Roxar Launches RMS2009
Brand New and Modernised User Interface, Local Update Functionality, and Best in Class Structural Modelling Help Reduce Time Spent Building Models and Accelerate Field Development Planning
RMS2009 provides users with a brand new and modernized user interface which resembles familiar, everyday software applications. The new user interface has further increased the usability of IRAP RMS™ and, as a result, dramatically reduced the learning curve for new users of the software. In addition, with new technologies and increased functionality, RMS2009 enables users:
· To quickly and easily update facies and petrophysical models based upon new data or interpretations, in contrast to traditional methods which would involve a re-running of all or part of the model. This is accomplished without breaking history matching as only local adjustments are made. This highly innovative technology substantially increases the flexibility offered by IRAP RMS™, as frequently noted by customers, who are now able to continuously keep their reservoir models up to date.
· To access super quality structural modelling tools for both simple and complex structures, reducing the time required to build models (especially larger ones) and resulting in higher quality grids for reservoir modelling and simulation. Hundreds of faults can be modelled in minutes with all geometries permitted, and yet, the workflow is simple and easy to learn.
· To benefit from improvements to real time geosteering and monitoring in IRAP RMS™ that allows users to import real time data, compare the model with the well being drilled, and potentially make better decisions while drilling.
· Users will also enjoy increased data importing functionality with a standardised import dialog, which provides a vast array of import format options. This makes the task of importing data much simpler and faster. This includes new bulk data import features which make it easier to import a lot of data in a single operation.
Said Roxar CEO, Gunnar Hviding on the RMS2009 launch:
“Reservoir models are perhaps the most important decision making tool in the oil & gas industry. Based on the results generated, operators get vital information about the oil in place and how the oil can be produced. This lays the foundation for the entire development of a field.”
“Roxar’s IRAP RMS™ was the pioneering software first able to generate meaningful 3-dimensional geological reservoir models, and is still today the leading software within this space. However, one of the greatest challenges for operators has historically been the time, effort and cost required to keep their models updated and relevant for decision-making. Today’s announcement is, as a result, one of the single most important software developments for Roxar. RMS2009, with its local updating functionality and its structural modelling tools, will finally allow models to be updated in real-time and, most importantly of all, ensures that operator decisions are made with the latest available data and information.”
He continues:
“We have no doubt that RMS2009 will prove to be incredibly valuable to operators in future field development planning decisions. At a time when the industry is faced with challenges where developments have become more marginal, better decision-making over the allocation of capital and resources has never been more important and the timing of the Roxar RMS2009 launch could not have been better aligned with the industry’s needs.”
Roxar’s flagship reservoir modelling solutions, IRAP RMS™ comprises 17 fully integrated software modules including mapping, reservoir modelling, well planning and workflow management tools. RMS2009 will continue to operate on the Linux-64 and Windows XP and
Roxar creates value for its customers through its Reservoir Interpretation, Reservoir Modeling, Reservoir Simulation, Well and Completion, Production and Process Solutions and Consultancy Services.
About Roxar
Roxar (Oslo Børs: ROX) 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.
Roxar’s International customer base includes all of the multinationals, major independents and the majority of national oil companies.
For Further Information
Hege Forus, Investor Relations Manager Roxar
Tel: +47 99 24 11 09
Email: [email protected]
Ana Fonseca Nordang, Marketing Manager Roxar Software Solutions
Tel: +47 46 69 56 35
Email: [email protected]
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