Roxar Awarded NOK 33,5 million software contract with large Russian client
Roxar ASA (Oslo Børs: ROX) today announced that it has been awarded a large software license contract to provide its full suite of reservoir management software solutions to a major operator in the CIS region.The lease contract will commence 1 October 2008, and have an estimated revenue effect of NOK 33,5 million over a three year period.Under the terms of the contract, Roxar will supply its industry leading reservoir modeling solution, IRAP RMS™, its reservoir simulation solution, Tempest™, and its analysis and processing software, ResView™.For further information, please contact CFO