Ikon Science, the International Geoscience Technology company, announces the formation of a Brazilian venture Ikon Science Brazil Ltd with Rio de Janeiro Company Geonunes to provide Quantitative Interpretation Services (QIS) and Geoscience Technology to upstream oil & gas companies in Brazil.
In addition to developing the industry leading RokDoc® QI software system, Ikon Science are renowned experts in rock physics driven workflows - being the first company in the marketplace with a comprehensive Carbonates rock physics solution and the firm's expertise spans AVO, Inversion, Reservoir characterisation, Time lapse reservoir monitoring, Geopressure analysis and pore pressure prediction.
Ikon Science Brazil Ltd will be the 8th office for Ikon Science, alongside London, Houston, Durham, Boulder, Lagos, Kuala Lumpur and Perth (WA) further enabling the global reach to deliver the company's commitment to discover and share new technology, products and know-how that create subsurface value.
Martyn Millwood Hargrave CEO of Ikon Science commented:
'we have worked with Marcos Gallotti of Geonunes for many years and are excited about setting up this new company. We believe the combination of our respective skills and knowledge together with the dynamic Brazilian R&D environment will provide a powerful and effective in-country solution to help customers in Brazil maximise their return on exploration and development projects'.
Marcos Gallotti, CEO of Ikon Science Brazil Ltd, commented:
'In view of the various existing opportunities in the Brazilian oil industry and the fact that Ikon Science has proven ability to help reduce drilling risks in E&P, I am sure this new joint venture company comes exactly at the right moment to help our customers'.