Roxar receives NOK 44 million subsea LOI

Stavanger, Norway, 6 January 2009. Roxar ASA (Oslo Børs: ROX) today announced the signing of a Letter of Intent (LOI) worth a total of NOK 44 million with a major oil and gas operator, for the provision of Roxar subsea Wetgas meters.

The Roxar subsea Wetgas meter is the latest in wet gas metering technology, providing real-time, accurate measurement of hydrocarbon flow rates and water production as well as online detection of formation water breakthrough. The meters’ ability to measure water in very small amounts is an important input parameter for controlling hydrates, corrosion and scale in a subsea production system.

Delivery will be throughout 2009.

For further information, please contact IR manager Roxar ASA
Hege Forus, +47 99241109