Rocksource
Encyclopedia
Rocksource is 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 from the University of Bergen
. The company is technology focused with expertise in two areas. For exploration the company has developed algorithms for the processing of Controlled Source Electromagnetic
(CSEM) data which are used as part of an integrated exploration process. Secondly the company has successfully exported "North Sea style" reservoir management techniques to the highly conservative onshore gas fields of east Texas where it currently has production of c. 2000 BOEPD.
Rocksource is currently building up a portfolio of exploration acreage that is suitable for de-risking using CSEM. As such it has licences in the UK and Norway in addition to reviewing a number of international opportunities. Production is centred on two fields in the US which it operates through its subsidiaries REC and Sandhawk.
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
. The company was established as a partnership between Norwegian entrepreneurs, oil industry professionals and academics from the University of Bergen
University of Bergen
The University of Bergen is located in Bergen, Norway. Although founded as late as 1946, academic activity had taken place at Bergen Museum as far back as 1825. The university today serves more than 14,500 students...
. The company is technology focused with expertise in two areas. For exploration the company has developed algorithms for the processing of Controlled Source Electromagnetic
Controlled source electro-magnetic
The Controlled Source Electromagnetic method is an offshore geophysical technique , employing electromagnetic remote-sensing technology to indicate the presence and extent of hydrocarbon accumulations below the seabed....
(CSEM) data which are used as part of an integrated exploration process. Secondly the company has successfully exported "North Sea style" reservoir management techniques to the highly conservative onshore gas fields of east Texas where it currently has production of c. 2000 BOEPD.
Rocksource is currently building up a portfolio of exploration acreage that is suitable for de-risking using CSEM. As such it has licences in the UK and Norway in addition to reviewing a number of international opportunities. Production is centred on two fields in the US which it operates through its subsidiaries REC and Sandhawk.