Ross Offshore acquires 60% of Network Scenario

Ross Offshore today announced acquisition of 60% in the IT Company, Network Scenario. The new company will be integrated in Ross Offshore as a separate business unit and will be named Ross Netscenario.

Mr. Stian Brekke will be CEO of Ross Netscenario.

Ross Offshore has, for several years used Network Scenario as a provider of IT services in operation, hardware deliveries, counseling and development. The two companies have in collaboration, developed several innovative solutions including visualization and seamless remote operation for complex applications, targeting the oil and gas industry. This cooperation has resulted in what the companies see as great opportunities working even closer together, and to complement the established environment that exists in this area today.

Network Scenario' experience in developing specialized and innovative solutions, combined with Ross Offshores broad expertise in exploration, reservoir engineering, production, HSE and Logistics, will provide synergies that will lift both companies.

"We want through this, to present more complete solutions that lead to increased efficiency and flexibility, and hence reduced cost for our clients. Network Scenario will be a catalyst with their expertise in what surrounds us and our customers every day - IT is and will be integrated in what we and our customers are doing. Network Scenario's ability to innovate and develop, combined with Ross Offshores expertise in oil and gas gives us a skills increase, which we believe will lift both Ross and Network Scenario further from the position companies have today "

says Jørgen Jørgensen, CEO Ross Offshore.

The integration process as business unit in Ross Offshore is already underway, and operations will continue as normal. Based on the cooperation, new and exiting solutions will be presented to the market in the future. The visualization tool GeologiQ will, along with other products, be launched in 2015.

 

For further information contact:
Ole Marius Norvik
Vice President - Communications
Ross Offshore AS 
Phone +47 91593020
Mail: ole.marius.norvik@rossoffshore.no