Russian supermajor Lukoil has awarded a multi-million dollar software licensing and maintenance contract to Roxar. The deal confirms Roxar’s presence in Russia and neighboring CIS countries, subsequent to opening its new offices in Kazakhstan and Tyumen.
Esslemont
Roxar CEO, Sandy Esslemont said, ‘Russian and multinational oil companies are looking to more sophisticated E&P technologies to increase oil and gas recovery in the region.’
Irap RMS
The agreement will allow Lukoil’s geologists, geophysicists and reservoir engineers wide-ranging access to Roxar’s flagship 3D reservoir modeling product, Irap RMS and its reservoir simulation software, Tempest.
600 CIS installations
Roxar has over 600 installations in Russia and the CIS. Clients include TNK-BP, Bashneft, Sibneft, Tatneft, Rosneft and Zarubejneft. Roxar has also partnered with academic research institutes including the I.M. Gubkin State University for Oil and Gas, Moscow and Tyumen State Universities.
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