Ikon Science's GeoPressure Technology Releases New Norway Pressure Study

Ikon Science has released a major new, mid-Norway Pressure Study by its Durham-based subsidiary GeoPressure Technology (GPT). The study follows GeoPressure's highly-successful pressure study of the North Sea Central Graben in 2004.

The Norway study was completed in partnership with IHS Inc., a global provider of integrated oil and gas information, software and consulting services. Pressure data from 197 mid-Norway wells were taken from the IHS pressure database to analyze overpressure across seven main geological horizons. The projects results confirm the importance of pressure studies in well planning and also give insight into new hydrodynamic play concepts for mid-Norway.

Richard Swarbrick, Managing Director of GeoPressure Technology said:

"Based on the high-quality IHS pressure database, coupled with our extensive interpretation experience of high pressure terrains, we have identified significant pressure trends controlling fluid-flow movements, seal capacity and the distribution of the highest pressure compartments across the region. With pressure-related issues having a major impact on reducing drilling costs and increasing the understanding of prospectivity, the study is a valuable tool for both explorationists and drilling engineers in areas of safety, well planning and seeking out new exploration opportunities."

The mid-Norway study is presented in printed and electronic format, including 18 maps as well as geo-referenced digital files. The company interpreted more than 1,200 wells in its 2004 Central North Sea pressure study, and is planning similar studies for the NW Australian shelf, the Nile Delta, and the Gulf of Mexico.

Ikon Science Managing Director Martyn Millwood Hargrave added:

"Our clients told us that the 2004 Central North Sea study played a significant role in helping target their exploration successes in the UKCS. We hope that this mid-Norway study can add equally important guidance for drilling and prospect risking in this significant and prospective region."

Kevin Chandler, Director of the Subsurface Group at IHS, commented:

"A growing number of operators rely on IHS pressure data to effectively design robust well plans, which helps reduce the likelihood of cost overruns whilst ensuring the highest levels of safety. This pressure study will enable companies to explore effectively in this hazardous and demanding environment. We are pleased to collaborate with GeoPressure Technology to make this critical analysis available to the industry."