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Ikon Science Ltd. has acquired the Australian company JRS Petroleum Research Pty Ltd. JRS develops integrated software for image log analysis and geomechanics, and offers services to the industry from its offices in Adelaide and Perth.
These capabilities complement Ikon Science’s advanced rock physics, geopressure and quantitative interpretation technologies and workflows.
"This acquisition is part of an ongoing strategy to broaden our capabilities by integrating Ikon Science’s traditional strength in pore pressure prediction with Geomechanics to encompass both reservoir and wellbore solutions," said Martyn Millwood Hargrave, CEO of Ikon Science.
Ikon Science will be integrating the software developed by JRS in a geomechanics module within the RokDoc® quantitative exploration and development suite.