Innovative tech company within the global oil and gas industry

Roxar Software Solutions, or RSS for short, a business unit of Emerson Process Management, celebrated the 20th anniversary of its reservoir modelling solution Roxar RMS in 2014. The landmark confirmed RSS's standing as one of the most innovative tech companies in the global oil and gas industry. Through its advanced 3D modelling solutions, RSS provides clients with a better understanding of flow dynamics in oil and gas reservoirs.

Accurate information on reservoir lifecycles, the interpretation of geological data and collection and analysis of real-time production information help operators maximize performance and increase recovery rates.

"Discovering and managing oil and gas reserves requires the latest tech solutions to ensure geological information is turned into value for companies," says RSS's managing director, Kjetil Fagervik. "There are huge risks present in the oil and gas sector. Through the use of our software solutions, clients are empowered with the ability to make better-informed decisions."

RSS developed the industry's first-ever 3D geological reservoir modelling applications in 1994 and has consolidated its position as an industry leader ever since. Acquired by Emerson in 2009, the company today has offices in London, Houston, Dubai, Kuala Lumpur, Moscow and Rio de Janeiro.

RSS continues to strengthen its commitment to China with the highest growth numbers worldwide last year. In Beijing, RSS works closely with its Chinese partner, Essca and clients there include Petrochina, CNOOC and Sinopec. RSS continues to reach out to Asian partners who can benefit from the company's advanced solutions.

"Our customers need accurate data and seismic knowledge in order to make the right drilling decisions," says Fagervik. "We are pioneers in providing accurate 3D mapping solutions to both onshore and offshore oil and gas operators, which increase recovery rates for complex reservoir systems. We make sense of the data which clients collect, and are continuously investing in the development of new innovations. Our latest reservoir modelling solution with ground-breaking new interpretation capabilities Roxar RMS 2013 came out only last December, for example."

"We are now focusing on advances in data capture, speed, efficiency and flexibility to provide our clients with a deeper understanding of the geological landscape," he explained. "Looking ahead, we will use cloud computing tools and other next-generation expertise to ensure we remain a leading tech company in the global oil and gas industry."

www.roxarsoftware.com

World Eye Reports provided the story