BP, Norsk Hydro and Statoil have chosen Roxar’s IRAP RMS software as a component of their reservoir modeling. The deals have a total value of 10 million NOK, with a further 15 million NOK in annual maintenance fees. IRAP RMS software is used to create a 3D reservoir model from input such as seismic information and well data. IRAP RMS helps assess the uncertainties associated with a reservoir model and provides input to the simulator.
Roxar CEO Torkell Gjerstad commented “We are pleased these leading oil companies, following extensive evaluations, have all selected the IRAP RMS suite as the most appropriate tool for their needs.”
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