Rocksource Delivers its First Licence Applications
Rocksource UK Limited, a subsidiary of Rocksource ASA, has delivered applications for licenses for the 24th Licensing Round in the UK. The company has applied together with several different partner groups, led by established UKCS operators, thus demonstrating the acceptance of Rocksource`s concept and EM capability within the industry. Rocksource considers all the areas applied for to contain prospectivity which would be suitable for the application of Rocksource`s proprietary EM capability. For confidentiality reasons, the name of the partners will be revealed when and if licenses are awarded.
According to Chief Technology Officer, Dr. Jonny Hesthammer, the company has carried out detailed EM modeling studies over a wide range of different prospects/leads to ensure the suitability of using EM technology in the relevant areas. The company’s proprietary system, Rocksource Discover, has been used for this purpose. Hesthammer states that “The UKCS application process has proven highly suitable for testing Rocksource Discover’s capabilities for screening EM suitable areas and carry out detailed pre-acquisition EM analyses of identified prospects/leads, including uncertainty analyses. Provided awards, Rocksource will use the system further to ensure optimized value of information from EM data in our decision making process by carrying out detailed pre- and post-EM acquisition analyses.”.
Gregor Maxwell, VP Exploration, believes that the UK still holds significant exploration opportunities, and that EM technology as applied by Rocksource will be an important tool to test this potential. The 24th Round is the first step in the Rocksource strategy to build a portfolio of exploration opportunities which are suitable for its technology and is now focusing on the NCS in preparation for the upcoming APA 2006, contingent upon the companies prequalification.
The company expects the Department of Trade and Industry to announce the awards for the round during Q3, 2006.
Published: 30.06.2006
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| Phone: | +47 05369 |
| From abroad: | +47 21 49 32 69 |
| Fax: | +47 55 36 87 98 |
Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com