Roxar sells Flare Measurement business

Roxar has sold its flare metering and measurement business to Norway-based Fluenta.

Offshore staff

STAVANGER, Norway -- Roxar has sold its flare metering and measurement business to Norway-based Fluenta. Dag Johansen, previously Roxar's sales director will become managing director of Fluenta. The 10-person team behind Roxar's Flaregas meter will also follow Johansen.

"As our reservoir management and production optimization solutions continue to expand, we felt that this was the right time to hand over the reigns and spin off the technologies we have researched and developed in a controlled and open manner," says Sandy Esslemont, Roxar CEO.

The Fluenta Flaregas meter measures the composition of flaring emissions and levels of CO2 gases through the measurement of molecular weights. The meter measures very low to very high velocity, density, volume, mass flow and the average composition of all gases, in compliance with international regulations for pollution control. It is currently used by all major Norwegian oil and gas companies, according to Roxar.

6/20/2007

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