OKEA, one of Norway's fastest growing oil and gas companies, has signed a service agreement for Glex Energy software platform as a collaboration and analysis tool for their subsurface activities. The contract is ongoing with annual renewal.

"For Glex, OKEA is an important signing and a strong signal, not least because the recognition of our technology and software from a forward-looking company like OKEA. The assignment is an important confirmation that Glex's solution covers many of the industrial needs that will be central in the years to come", says CEO of Glex, Jørgen Engen Napstad.

It is primarily the specialist communities linked to exploration and production that will use Glex Energy. In addition, OKEA will have access to extensions such as our Portfolio Map, Production Dashboard and the new Relinquishment Atlas. The contract was signed after a thorough testing period.

Glex’s mission is to give Energy companies quick and easy access to relevant data from a growing number of sources. Reducing the time it takes to find and share data in professional environments and across departments is a significant factor in becoming more efficient as an organization. By visualisation of company data in combination with public data and third party data like for example Wittemann E&P, Glex can stimulate to deeper insight by co-workers in an easy-to-understand interface.

In the long term, Glex's ambition is to deliver Glex Energy to most participants in selected license communities on the Norwegian continental shelf, in order to contribute to better communication and efficiency between the companies participating in the licenses.

"There is considerable potential in customers such as M Vest Energy, OKEA and Lime Petroleum being participants in the same licenses, and we are working to adapt Glex Energy to become a platform that becomes an arena for projects across companies", concludes Jørgen Engen Napstad .

About Glex:
Glex AS is a software company that develops advanced analysis and collaboration tools for anyone working on industrial energy decisions, whether exploring or producing hydrocarbons, seabed minerals or exploiting offshore wind or potential reservoirs for carbon storage. Our SaaS Glex Energy® has been in development since 2017. The team consists of industry professionals with extensive experience and unique domain expertise, combined with data-science competence and software developers with a background in the gaming and visualization industry.

Contact:
Enquiries: contact@glex.no
CEO Jørgen Engen Napstad +47 934 06 526