Lyme Bay Consulting

What Lyme Bay Consulting does

Lyme Bay Consulting Ltd. is a UK-based subsurface consultancy founded in 2013 that specializes in 3D seismic data interpretation for oil and gas exploration companies. The firm's core offering is the Detailed Reconnaissance Study (DRS), a proprietary workflow that delivers 200+ seismically mapped surfaces from a single 3D volume in a matter of weeks, with 90% of projects completed in under five weeks. The DRS enables multiple attribute drapes to visualize structure and stratigraphy throughout entire datasets, allowing clients to capture plays and prospects early in the exploration cycle. Lyme Bay has completed over 150 DRS projects across all major hydrocarbon basins globally, serving enterprise clients including Serica PLC, Sand Hill Petroleum, Cluff Natural Resources, CNOOC, Genel, MOL, PGS, TGS, and seismic data provider Spectrum Geo. The company reports that it has identified missed or unseen prospectivity in almost every project to date.

The company's technical approach combines the proprietary DRS workflow with a broader suite of subsurface services, including AVO and Inversion studies, Seismic Attribute studies, Structural Analysis, Static and Dynamic Modelling, Petrophysical Analysis, and Depth Conversion. Deliverables include geo-referenced horizon image decks usable without specialized workstation licenses and SEG-Y attribute and noise-attenuated volumes. Lyme Bay's Geoscience Director, Gerrard Spear, is the primary client contact and leads the technical team. The firm also collaborates with Spectrum Geo on the Seamless DRS, a basin-scale product covering 160,000 sq.km of the Norwegian North Sea and Mid-Norway High with 200 surfaces focused on the BCU-Seabed post-rift section.

Lyme Bay operates as a private limited company headquartered in the United Kingdom with global project delivery across all major hydrocarbon basins. Revenue is generated through professional services engagements on a quote-based, project-by-project basis, with the company's go-to-market characterized by consultative enterprise field sales and long-tenured account relationships — for example, a four-year working relationship with Sand Hill Petroleum. The firm relies primarily on its corporate website for marketing alongside direct client relationships rather than active digital marketing channels, and has not disclosed any funding rounds, ownership structure, headcount, or financial performance data.

Name

Lyme Bay Consulting

Legal name

Lyme Bay Consulting Ltd.

Website

https://lymebayconsulting.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Lyme Bay Consulting is a UK-based subsurface consultancy founded in 2013 that delivers its proprietary Detailed Reconnaissance Study (DRS) workflow to oil and gas exploration companies, providing 200+ seismically mapped surfaces from 3D data in weeks across global hydrocarbon basins.

Ownership category

akta.pro rank

Product category

Subsurface Geophysics Consulting

NAICS

Geophysical Surveying and Mapping Services (54136), Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (2131)

SIC

Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389), Services-Engineering Services (8711)

akta.pro primary industry

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

akta.pro secondary industries

Geotechnical & Subsurface Engineering Consulting (BPAHAIAB), Exploration & Prospecting (Geology, Geophysics, Seismic) (EUALAAAA)

Keywords

• Seismic data interpretation
• Subsurface consulting services
• Oil gas exploration
• 3D seismic analysis
• Geophysical interpretation

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. DRS Project Services: Professional consulting services delivering Detailed Reconnaissance Studies on 3D seismic data. Projects are delivered within weeks (90% in under 5 weeks) and include comprehensive mapping of 200+ horizons with multiple attributes.
2. Subsurface Consultancy Services: Additional expertise in Exploration, Field Development, and Subsurface Drilling Support including AVO and Inversion studies, Seismic Attribute studies, Structural Analysis, and Static Modelling.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Lyme Bay Consulting provides subsurface consultancy services to oil and gas exploration companies, centred on the proprietary Detailed Reconnaissance Study (DRS) workflow for 3D seismic data interpretation. The DRS delivers 200+ seismically mapped surfaces from a 3D volume in weeks, capturing plays and prospects early in the exploration cycle, with supporting expertise in AVO and inversion, seismic attribute studies, structural analysis, and static and dynamic modelling.

Product overview

Lyme Bay Consulting offers a single core service, the Detailed Reconnaissance Study (DRS), which is a high-resolution seismic data interpretation workflow. The DRS workflow is the primary product that maximises the value of 3D seismic data by delivering 200+ seismically mapped surfaces in weeks. Additional services including AVO and Inversion Studies, Seismic Attribute Studies, Structural Analysis, Static Modelling, Petrophysical Analysis, Depth Conversion, and Dynamic Model Building are offered as add-on modules to support the core DRS service. The Seamless DRS is a specialised sub-product developed in collaboration with Spectrum Geo for basin-scale seismic interpretation.

Differentiator

Problem solved

Functional benefit

Products and services

• Detailed Reconnaissance Study (DRS) A proprietary seismic data interpretation workflow that delivers 200+ seismically mapped surfaces from a 3D volume in weeks, with multiple attribute drapes visualising structure and stratigraphy across the entire dataset. It captures plays and prospects early in the exploration cycle to ensure no lead is overlooked, and is sold to enterprise oil and gas exploration companies as a project-based consultancy engagement. Deliverables include a consistent 200+ horizon surface framework with multiple attributes, geo-referenced horizon image decks usable without workstation licences, and SEG-Y attribute and noise-attenuated volumes.
• Subsurface Consultancy Services (Exploration, Field Development, and Drilling Support) A bundle of expert subsurface services supporting exploration, field development, and drilling programmes, including AVO and inversion studies, seismic attribute studies, structural analysis, petrophysical analysis, depth conversion, and static and dynamic model building. Sold to enterprise oil and gas clients for engagements such as production well planning, farm-out support, and licence round applications.
• Seamless DRS A basin-scale seismic interpretation product covering 160,000 sq.km of the Norwegian North Sea and Mid-Norway High, delivering 200 surfaces concentrated on the BCU-Seabed post-rift section at an order of magnitude greater resolution than previously available commercial products. Co-developed with seismic data provider Spectrum Geo for sale to companies seeking to map and understand the subsurface over an entire basin.

Quantifiable outcome

• 200+ mapped surfaces from a single 3D volume vs. traditional methods delivering single mapped prospects
• +3 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Spectrum GeocoreStrategic or Co-development PartnerLyme Bay Consulting and Spectrum Geo collaborated to deliver the Seamless DRS for the Norwegian North Sea and Mid-Norway High Seamless Seismic. The project covered 200 surfaces concentrating on the BCU-Seabed post-rift section over 160,000 sq.km, showing stratigraphy and geology to an order of magnitude greater resolution than previously available as a commercial product. This enables companies to map and understand the subsurface over an entire basin.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• IKON Science: IKON Science is a UK-headquartered geoscience software and services company offering seismic interpretation, rock physics, and reservoir characterisation tools. Its technology- and services-led approach to upstream subsurface work overlaps directly with Lyme Bay's DRS workflow.
• RPS Group: RPS Group is a UK-based consulting firm providing subsurface and geoscience services to the oil and gas sector, including seismic interpretation, reservoir studies, and field development support. Comparable consulting-led model serving similar E&P clients.
• Spectrum Geo (TGS): Spectrum Geo, now part of TGS, is a multi-client seismic data provider that partnered with Lyme Bay on the Seamless DRS for the Norwegian North Sea. Its seismic library and interpretation-adjacent services make it a directly comparable peer.
• ION Geophysical: ION Geophysical provides seismic data acquisition, processing, and interpretation software and services to the oil and gas industry. Its interpretation and subsurface services overlap directly with Lyme Bay's DRS offering.
• Bell Geospace: Bell Geospace specialises in airborne and marine geophysical surveys and 3D seismic interpretation services. Its focus on interpretation-led geoscience services makes it a directly comparable, niche peer to Lyme Bay.

Broad incumbents

• CGG: CGG is a global geoscience company providing seismic data acquisition, processing, and interpretation services plus multi-client data libraries. It is directly comparable to Lyme Bay's seismic interpretation business but at vastly greater scale and with in-house data assets.
• PGS: PGS is a major seismic acquisition and data library company, also listed as a Lyme Bay client. While its core is acquisition and data, its GeoStreamer and subsurface offerings overlap with the upstream interpretation value chain Lyme Bay serves.
• TGS: TGS is a leading multi-client geoscience data company, also a Lyme Bay client. It operates in the same upstream seismic data ecosystem, providing data and increasingly interpretation-adjacent services to E&P operators.
• Halliburton (Landmark / DecisionSpace): Halliburton's Landmark DecisionSpace 365 is a leading upstream seismic interpretation and reservoir characterisation software suite. As a major OFS incumbent, it competes with and could partner with niche interpretation consultancies like Lyme Bay.
• SLB (Schlumberger): SLB (formerly Schlumberger) is the largest oilfield services company, with the WesternGeco/GeoSoftware seismic interpretation portfolio. Its scale, software platforms, and integrated subsurface offerings make it a broad incumbent against which Lyme Bay competes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lyme-bay-consulting

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lyme Bay Consulting