Rocksource

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Rocksource ASA
Type Public
Founded NA
Headquarters Oslo and Bergen, Norway
Key people CEO: Trygve Pedersen
Chairman: Dag Dvergsten
Industry Oil and gas
Products Oil
Geophysical services
Revenue image:green up.png NOK 10,9 million (2005)
Net income image:red down.png NOK 47,4 million (2005)
Employees 30 (2006)
Website www.rocksource.com

Rocksource is a small technology based E&P oil company listed at the Oslo Stock Exchange (OSE: RGT). The company was established as a partnership between Norwegian entrepreneurs, oil industry professionals and academics (from Bergen University). The company is developing a new potentially groundbreaking EM-analysis technology. The technology has a goal of increasing the rate of success in exploration wells by analyzing EM-data to reduce the risk of drilling a dry hole, or to optimize the drilling process in mature fields.

Rocksource is currently building up a portfolio of diversified oil field projects around the world. These fields are primarily put on-line to build a solid cash flow for the company, but are also going to be used as a testbed for the new EM-technology.

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