Stavanger, Norway, August 28, 2008 – Roxar ASA (Oslo Børs: ROX) today announced the launch of two new products designed to measure the mass flow rates of fluids or gas in subsea production and injection wells – the Roxar subsea Singlephase meter and the Roxar subsea Singlephase sensor.

The addition of these products to the Roxar portfolio is significant as it exemplifies Roxar’s willingness and ability to react quickly to the flow assurance needs of the offshore oil and gas market, and also marks the first release of new measurement technology following the merger of Roxar ASA and CorrOcean ASA in July 2007.

The new Roxar subsea Singlephase meter (subsea SPM) is a breakthrough in subsea flow measurement. By taking advantage of Roxar’s well-proven DualQ downhole pressure measurement technology, the subsea SPM measures both absolute and differential pressures across a venturi, eliminating the problems associated with traditional DP cell measurement. For subsea operators, this provides a broad range of advantages, such as high accuracy, proven reliability, extreme pressure tolerance and simple subsea installation.

The Roxar subsea Singlephase sensor (subsea SPS) was developed in response to operator requests for an effective and low-cost alternative to venturi meters. Based on Roxar’s Force technology, the subsea SPS measures the deflection of an intrusive probe caused by the flowing media. The measurement output from the subsea SPS is intended to enhance or replace traditional calculations based on choke settings.