Rocksource
 | |
Company type | Public (OSE: RGT) |
|---|---|
| Industry | Oil and gas |
| Headquarters | Bergen, Norway |
Key people | Trygve Pedersen (CEO) Dag Dvergsten (Chairman) |
| Products | Geophysical services |
| Revenue |  NOK 10,9 million (2005) |
 NOK 47,4 million (2005) | |
Number of employees | 40 (Dec 2007) |
Rocksource was a technology-based exploration and production petroleum company listed on the Oslo Stock Exchange. The company was established as a partnership between Norwegian entrepreneurs, oil industry professionals and academics, Jonny Hesthammer and John Howell from the University of Bergen. The company focused on two areas. For exploration the company developed algorithms for the processing of Controlled Source Electromagnetic (CSEM) data which were used as part of an integrated exploration process. Secondly the company successfully exported "North Sea style" reservoir management techniques to the highly conservative onshore gas fields of east Texas where it bought old oil and gas fields and revitalized them.
Rocksource built up a portfolio of exploration acreage that was suitable for de-risking using CSEM. The first tranche of wells were drilled in 2011 with mixed results, including a marginal discovery in the Barents Sea. The results were perceived negatively by investors and the share price fell sharply. The subsequent discovery of the Pil and Bue fields in 2014 saw the company as successful but underfunded. This led to the company being delisted and purchased by Hitech Vision. Rocksources was combined with other Hitech companies to create Var Energi.
External links
Content Disclaimer
Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.
- The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
- There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
- It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
- Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
- Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.