Company History

Graph of the Company's History and Growth

About Ikon Science

Ikon Science History

Formed in 2001, with Enterprise Oil plc (becoming Shell Technology Ventures) and Tullow Oil as founding shareholders. The company grew its solution footprint, notably with the acquisition of GeoPressure in 2005 and JRS (geomechanics) in 2012. Starting in 2009, Ikon set a 5-year growth plan that resulted in a remarkable 35% CAGR. New offices were opened in a number of key energy hubs such as KL, Perth, Calgary, Rio de Janeiro, Oslo. A concerted effort was made in 2012 and 2013 to expand the management team to accompany the continued growth and globalisation of the business, supported by a sustained R&D investment in new technologies and products. The most recent acquisition of Terra brings real-time drilling monitoring solutions to the company. Ikon currently employs 210 staff in 15 locations.

Key Events

  1. 04/01/2001 IkonScience

    Ikon Science is formed (demerged from Troy-Ikoda)

    Backed by Tullow Oil

  2. 13/03/2001 RokDoc

    1st Sale of RokDoc

  3. 13/02/2002 IkonScience

    Enterprise take Equity stake - Shell Tech Ventures

  4. 01/11/2002 RokDoc

    Shell take global release of RokDoc

  5. 01/01/2003 Services

    Services Team Start Business

  6. 16/03/2004 IkonScience

    US office is opened

  7. 17/12/2004 IkonScience

    UK moves to Teddington Office

  8. 15/07/2005 IkonScience

    Asia office is Opened

  9. 01/12/2005 GeoPressure

    Ikon Science acquires GeoPressure Technology 

  10. 01/02/2006 RokDoc

    Ikon & BG Link. RokDoc & Petrel

  11. 01/01/2007 IkonScience

    Australia office opens

  12. 10/10/2008 IkonScience

    Flemming Family & Partners become core investors

  13. 01/01/2009 MultiClient

    1st MultiClient Study released.

  14. 05/05/2009 IkonScience

    Ikon Science acquires GeoPatterns Technology.  

  15. 12/12/2009 RokDoc

    RokDoc & Statoil combine technology and make RokDoc the most powerful rock physics technology on the market.

  16. 02/02/2011 GeoPressure

    Niger Delta pressure study released.

  17. 03/03/2011 IkonScience

    Brasil office opened

  18. 20/03/2011 IkonScience

    Corporate rebrand.

  19. 04/09/2012 IkonScience

    Canada Office Opened

  20. 17/10/2012 IkonScience

    Norway Office Opened

  21. 16/03/2012 IkonScience

    Indonesia Office Opened

  22. 20/07/2012 IkonScience

    Ikon Science acquires JRS Petroleum in Adelaide

  23. 01/11/2013 IkonScience
    Ikon Science acquires real-time capabilities from Terra GeoTech

No of Employees

2001 5
2002 7
2003 9
2004 20
2005 30
2006 55
2007 55
2008 87
2009 78
2010 90
2011 112
2012 170
2013 190
2014 206

No of Software Licenses

Software license numbers have been obfuscated and are for visual presentation only.
2001 3
2002 23
2003 70
2004 117
2005 187
2006 211
2007 281
2008 387
2009 528
2010 704
2011 939
2012 1100
2013 1600
2014 2240

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