Edmonton, AB – June 20, 2005 — Matrikon Inc. (TSX: MTK) today announced that Statoil ASA, one of the world’s biggest sellers of crude oil producing 2.7 million barrels of oil and gas per day, is piloting Matrikon technology at three fields in the Norwegian continental shelf. The monitoring solution, based on Matrikon’s ProcessSuite™ products, will collect data from over 100 wells and display the information in real-time via a web-based user interface. “Matrikon’s technology complements the best-practice, integrated operations processes that Statoil is developing,” said Terje Schmidt, Chief Engineer for Production Technology at Statoil.
“We are demonstrating that technology can be used to leverage the information of our existing infrastructure and to distribute the information to multiple stakeholders along with the added context they require to perform their jobs.” “Well monitoring is the first step in optimising production to extend the reservoir and equipment asset life for increased recovery and improved production,” commented Nizar J. Somji, president & CEO of Matrikon. “We are very pleased to work with Statoil to provide the technology infrastructure to support their best-practice objectives.” The well monitoring solution collects and display well data in real-time via a web-based interface.
Matrikon and ProcessSuite are trademarks or registered trademarks of Matrikon Inc.
About Statoil ASA
Statoil ASA ( www.statoil.com ) is an integrated oil and gas company with 24,000 employees and activities in 29 countries. The group is operator for 60 per cent of all Norwegian oil and gas production, and its international production is rising steeply.One of the world’s biggest sellers of crude oil, Statoil is also a major supplier of natural gas in the European market and has substantial industrial operations.
Statoil is one of the world’s most environmentally-efficient producers and transporters of oil and gas. Statoil is listed on the Oslo and New York stock exchanges.
About Matrikon Inc. Matrikon ( www.matrikon.com ) is a leading provider of industrial plant intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time.
With offices in major cities throughout North America, Australia, Europe and the Middle East and a global client base including industry leaders in a wide range of manufacturing and process industries, Matrikon's reach is global.
