Ikon Science Acquires Anitec

Oil and gas software creator Ikon Science has purchased Edinburgh-based specialist software and interpretation company, Anitec Limited, enhancing Ikon's, anisotropic, multi-component and time lapse capabilities. Under the transaction, Anitec co-founders Professor Colin MacBeth and Dr. Phil Wild will join the Ikon team.

Based at the Heriot-Watt University's Research Park, Anitec has been working with Ikon since March 2004 developing a unique seismic anisotropy modeling and database module within the RokDoc software. In September 2006 the two companies signed a development agreement to further enhance RokDoc's anisotropic and multicomponant seismic capabilities.

To enable closer links with Heriot-Watt, Ikon will also join the world renowned Edinburgh Time Lapse Project as a consortium member and will contribute funding and software including RocDoc-3D/4D to further the consortium's aims.

Commenting on the acquisition, Ikon Science Managing Director Martyn Millwood Hargrave said:

"The purchase of Anitec is a natural evolution of our three-year working relationship. The Anitec software suite has added considerable abilities to the already successful RokDoc software suite. The addition of world class researcher Professor Colin MacBeth and respected software developer Dr. Phil Wild to the Ikon team will give our clients a fully-integrated software and consulting offering. We are also delighted to be joining the Edinburgh Time Lapse Project. This is a leading research consortium in the increasingly important and commercial geological storage sector and we look forward to Ikon contributing to its success."

Spun out of Heriot-Watt University in 2001, Anitec has developed software that deals with the processing and interpretation of multi-component seismic data and on the exploitation of seismic anisotropy for reservoir characterization.