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.