Ikon Science, a global provider of geopredictive software, subsurface intelligence, and knowledge management solutions, has acquired roundLAB Inc., an independent wellbore positioning and survey management specialist. The acquisition strengthens Ikon Science’s Wellbore Solutions offering by adding proven survey correction services and algorithms designed to improve wellbore position certainty, reduce collision risk, and increase confidence in target delivery during drilling operations.
roundLAB is recognized for its survey accuracy enhancement capabilities, including Multi Station Analysis (MSA) to reduce systematic error in magnetic wellbore surveys and minimize ellipsoid of uncertainty, as well as sag correction to reduce TVD error and improve inclination-derived well placement accuracy. Delivered through a service-based operational model, it supports near-access for multi-disciplinary stakeholders.
Complementing our rock physics, pore pressure and geomechanics capabilities with drilling-facing execution confidence
'This acquisition accelerates our Wellbore Solutions roadmap,' said Francisco Morillo, Ikon Science’s CEO. 'By bringing roundLAB’s independent, high-quality well survey management services into Ikon Science, we expand the accuracy and assurance of wellbore positioning workflows, complementing our rock physics, pore pressure and geomechanics capabilities with drilling-facing execution confidence. The result is a more connected workflow from subsurface understanding to well planning and well placement.'
'Joining Ikon Science allows us to scale our survey management and well placement services globally,' said Dukhwa (Duk) Hong, roundLAB’s Co-Founder and Sr. Technical Authority in Survey Management. 'Ikon’s deep subsurface domain expertise, global reach, and integrated software platforms create an ideal home for our technology and team, and we’re excited to deliver even more value to operators as they drill more complex wells and pursue tighter targets.'
What Customers Can Expect
- Expanded Wellbore Solutions: Survey management services, including sag correction and magnetic survey error reduction via MSA, IFR1 & IFR2, available as part of Ikon Science’s Wellbore Solutions portfolio.
- Improved well placement confidence: Reduced uncertainty and more consistent survey QC to support anti-collision and boundary management decisions, providing assurance that your drilling and completions are done as originally planned.
- Operational continuity: roundLAB’s unique high-quality service delivery model and customer support will continue, with a planned roadmap for deeper workflow alignment across Ikon’s subsurface platforms and services to help drive further value to our customers.
To learn more and request a demo, visit Services - Wellbore Survey Management.
About Ikon Science
Ikon Science is a global geoscience software company that also delivers professional services, helping subsurface teams make confident decisions from complex data. For over 25 years, Ikon has combined deep scientific expertise with technology innovation across rock physics, reservoir characterization, and pore pressure and geomechanics, supported by robust subsurface data management and survey management solutions that strengthen data trust and wellbore accuracy. By enabling digital transformation in subsurface knowledge management, Ikon helps customers improve accuracy, accelerate results, and lower costs. For more information, visit www.ikonscience.com
Source: Ikon Science
