Emerson-owned Roxar's innovative products to benefit the Kingdom's oil and gas industry through cost-effective reservoir management and production optimization

Tuesday, June 14, 2011- Shoaibi Group, the commercial, technical and market experts in Saudi Arabia's oil and gas industry have signed an exclusive distribution agreement with Emerson Process Management, a wholly-owned Emerson company,  to offer a complete line of multi-phase flow meters and products for reservoir management and production optimization in the Kingdom of Saudi Arabia.

The agreement complements the Shoaibi Group's existing rights for distributing Roxar's reservoir management software in the Kingdom. An Emerson Process Management-owned company, Roxar's complete line of products includes instrumentation for topside, subsea and downhole monitoring, high temperature reservoir monitoring, multiphase metering, sand erosion sensors and oil in water monitoring and corrosion detection.

Khalid Al Shoaibi, Group Director commented, "We are pleased to have been appointed by Emerson as the exclusive distributors of Roxar's full range of products in the Kingdom of Saudi Arabia. Combined with our existing portfolio of reservoir management software, this will no doubt position us as the ultimate solutions provider for reservoir management and production optimization in the region."

John Currie, Vice President Roxar from Emerson Middle East & Africa said, "With rising production costs and growing demand, the global oil and gas industry is faced with the challenge of not only producing cost-effectively but also prolonging reservoir productivity and ensuring revenue growth. Emerson's Roxar products not only assist in production optimization, and improved decision making, but also help operators to maximise reservoir performance. Considering Shoaibi Group's strong market knowledge and presence in Saudi Arabia, and in depth knowledge of the oil and gas industry, we are confident of the success of this partnership and the business growth it will bring."

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About Shoaibi Group
Headquartered in Al Khobar, Kingdom of Saudi Arabia, with operations and investments across the Middle East and extending to North Africa, Europe, and North America, Shoaibi Group offers dedicated market expertise and commercial support that encourages the development of innovative technology mainly to create business growth and shared opportunity.

Through its international partners, joint ventures, and subsidiaries the Group operates in manufacturing, services, product distribution, and investment predominately for the oil, gas and petrochemical sector across the MENA region. Shoaibi Group is dedicated to investing in research and technology that will offer oil operators proven game-changing applications for all phases of oil and gas developments.  

About Roxar
Roxar (Oslo Børs: ROX) is a leading international technology solutions provider to the upstream oil and gas industry. The company creates value for its customers through innovative products and services that help achieve maximum performance from oil and gas reservoirs.

About Emerson Process Management
Emerson Process Management (www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the oil and gas, chemical, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, pharmaceutical and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb®, Fisher®, Rosemount®, Micro Motion®, Daniel®, DeltaV™, Ovation®, and AMS® Suite.

About Emerson
Emerson (NYSE:EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2008 were $24.8 billion and Emerson is ranked 94th on the Fortune 500 list of America's largest companies. For more information, visit www.Emerson.com

PlantWeb, Fisher, Rosemount, Micro Motion, Daniel, DeltaV, Ovation, and AMS are marks owned by one of the Emerson Process Management legal entities.  Other marks are property of their respective owners.

© Press Release 2011