Ikon Science share in OGA’s £1.5m West of Shetland seismic oil hunt

Ikon Science oil map
Ikon Science oil map

Ikon Science has been awarded contracts for its Roknowledge oil well, seismic and subsurface reservoir knowledge-base as part of recent £1.5 million, Oil and Gas Authority (OGA) contract to enable more regional content to be available to operators working in the Scottish offshore oil and gas sector.

The Ikon Science Roknowledge Studies selected are phases 1 and 2 of Ikon’s West of Shetland Rock Physics Study. 

Phase 1 consists of a rock physics and AVO analysis of 35 key exploration and appraisal wells across 6 UKCS Quads, designed to provide a digital reference of rock physics relationships and the seismic behaviour of rocks.  Following Phase 1, a number of high profile wells were drilled, including three additional wells on the UKCS and three from Faroese waters, producing a phase 2 report.  

Martyn Hargrave, Executive Chairman of Ikon Science, commented: “We’ve analysed more than 5,000 wells in the area, completed over 600 UKCS projects and submitted more than 35 successful applications with and on behalf of our clients. 

“In addition, our studies form a rich data source for cost saving and safer decommissioning projects.

“We are proud to be recognised as a good fit for the partnership with the OGA and are confident that the combination of OGA’s new enlightened licensing system, our regional Roknowledge databases and our global system RokDoc-Ji-Fi is generating a new and brighter future for UKCS exploration, development and production’’.

OGA Director of Operations, Gunther Newcombe, commented: “The UKCS remains a highly attractive exploration destination and in order to maximise the economic recovery of oil and gas from the UKCS, exploration activity must be revitalised in both mature and frontier plays’’.

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