Resman to become preferred supplier to Dong energy on wireless monitoring through 2011

29 Sep, 2009

TRONDHEIM, NORWAY (September, 2009) – RESMAN and DONG Energy have concluded a Frame Agreement for the supply of wireless tracer marking systems. The first delivery under the agreement will be DONG Energy’s upcoming wells at the Nini East field. RESMAN will deliver tracer-based monitoring technology to monitor oil and water inflow along long horizontal wells. This is the first order filled by RESMAN where the company will be the preferred supplier of monitoring systems during a multiple well program. RESMAN has successfully installed its groundbreaking, wireless well monitoring technology in more than 15 wells worldwide.

Vagn Holstein, Senior Production Engineer with Dong Energy, said: “The tracer project is expected to be economically attractive, both due to reduced costs (fewer PLT’s required) and due to increased oil production. Additionally, lower water cut is expected to give reduced consumption of energy for separation of oil, gas and water, for cleaning of the produced water and for re-injection of water to the reservoir.”

According to RESMAN founder Fridtjof Nyhavn: “We are proud of becoming a preferred supplier of monitoring systems to DONG Energy during their development of multiple wells through the next couple of years. This we see as an acknowledgement of our technology and it is also the fruit of technical achievements and good cooperation with DONG Energy during earlier tracer installations.”

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About RESMAN

RESMAN offers permanent, wireless and reliable downhole systems for inflow monitoring and control. Headquartered in Trondheim, Norway, RESMAN is owned by the Norwegian oil major StatoilHydro, venture capitalist Verdane Capital, the research institutes Sintef and IFE and RESMAN employees.