H.E. Arild Eik,Oyvind Bjorkhaug GM Roxar Flow Measurement, Sandy Esslemont CEO Roxar, Morten Toennesen GM Roxar Software Solution.
The Norwegian Ambassador to Malaysia H.E. Arild Eik, Oyvind Bjorkhaug (General Manager Roxar Flow Measurement), Sandy Esslemont (CEO,Roxar), Kamerul Mohamed (Partner) and Morten Toennesen (General Manager Roxar Software Solutions)
Roxar, a leading technology solutions provider to the upstream oil and gas industry, January 26th opened its new regional headquarters for Asia Pacific in Kuala Lumpur. The opening ceremony was attended by Roxar CEO, Sandy Esslemont, the Norwegian Ambassador to Malaysia, His Excellency Arild Eik and senior executives from the Oil and Gas industry in the Asia Pacific Region.
The office, currently home of 20 staff - and likely to rise to over 30 in the short-term - will service a rapidly growing client base throughout the Asia Pacific region and will be supporting Roxar's other offices in the region, including Jakarta, Perth, Ho Chi Minh City and Beijing. The new regional head office, located adjencent to the PETRONAS Twin Towers, demonstrates Roxar's belief in Kuala Lumpur being the major hub for Exploration & Production (E&P) companies operating in South East Asia.
Said Roxar CEO, Sandy Esslemont;
"Today's announcement signals Roxar's determination to be the technology solutions partner of choice for oil and gas companies in the Asia Pacific Region who are challenged with raising recovery rates and maximizing reservoir performance. Our continued investment in local offices and local staff demonstrates our long-term committment to the region and to our Asia Pacific costumers. Our new Kuala Lumpur hub will be the engine for further expansion over the coming years. A stronger regional presence will benefit our Asia Pacific costumers, through greater focus on their needs and an unrivalled customer experience as we constantly seek to improve and integrate the solutions we offer and the quality of service and training we provide. The result will be the attainment of one overriding goal - help maximize reservoir production performance for E&P companies across Asia."
Staff at the new office willbe a combination of sales, administration and service support staff for Roxar's software and instrumental technologies. In addition to the Kuala Lumpur office opening, Roxar has recently opened an office in Ho Chi Minh City, Vietnam.
Total offshore and onshore Asia Pacific oil and gas production in 2002 was three billion barrels and 301.7 cubic meters (bcm) respectively. Asia Pacific is the third most important region in the offshore oil and gas industry, behind the Noth Sea and the Gulf of Mexico, accounting for 13.6% of world oil production, 21.6% of gas production and 16.3% of total offshore expeniture. Offshore oil production is predicted to increase by 84% by 2008 and gas production by 116%.
Roxar will continue to create value for its costumers through innovative products and services that help optimize production and maximize recovery from oil and gas reservoirs.