HOUSTON, June 21, 2017 /PRNewswire/ -- ION
Geophysical Corporation (NYSE: IO) today announced a new 2D
multi-client program offshore Gabon, EquatorSPAN™ II, in cooperation with
the Gabon Ministry of Petroleum and Hydrocarbons, Direction Général
des Hydrocarbures of Gabon
(DGH). The program includes over 1,900 km of new
high-quality, deeply-imaged seismic data and is supported with
industry prefunding.
EquatorSPAN II addresses the need for greater
understanding of geologic conditions and basin evolution in support
of future offshore license rounds. The program will image the
deep basin architecture, define the limits of the various basins
along the equatorial margin and identify potential petroleum
systems. In addition, EquatorSPAN II integrates available
offshore well data to regionally calibrate key stratigraphic
horizons.
EquatorSPAN II is the newest addition to ION's data
library, which includes over 500,000 km of 2D data and over 100,000
sq km of 3D data in exploration and production hot spots around the
world. The program will tie to existing ION data sets
including EquatorSPAN™ I, CongoSPAN™ and NigeriaSPAN™ to enhance
the West African regional framework.
Joe Gagliardi, SVP of ION's
Ventures group, commented, "Deepwater oil exploration offshore
West Africa has thrived over the
last 20 years and this region remains an important component of
many E&P companies' exploration portfolios. In
conjunction with existing and planned BasinSPAN surveys in adjacent
countries, EquatorSPAN II will enhance the knowledge of the entire
basin."
To learn more, visit
iongeo.com/EquatorSPAN.
About ION
ION is a leading provider of technology-driven solutions
to the global oil and gas industry. ION's offerings are designed to
help companies reduce risk and optimize assets throughout the
E&P lifecycle. For more information, visit
iongeo.com.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial
Officer
Steve Bate,
+1 281.552.3011
steve.bate@iongeo.com
ION (Media relations)
Vice President,
Communications
Rachel
White, +1
281.781.1168
rachel.white@iongeo.com
Direction Général des Hydrocarbures of Gabon
(DGH)
Directeur Général des Hydrocarbures
Jacob
Tsioba Thaty, +241 01 77 58
96
jacob.tsioba_thaty@petrole.gouv.ga
Directeur Général Adjoint Amont
Edgard
Mbina-Kombila, +241 01 77 31 68 Ext.
2144
Edgard.MBINA@petrole.gouv.ga
Directeur de l'Exploration
Fanny-Flore
Bissielo ép. Moukoumbi +241 01 77 31 68 Ext.
2154
Fanny.Bissielo@petrole.gouv.ga
The information herein contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements may include information and other
statements that are not of historical fact. Actual results may vary
materially from those described in these forward-looking
statements. All forward-looking statements reflect numerous
assumptions and involve a number of risks and uncertainties. These
risks and uncertainties include risks associated with the timing
and development of the Company's products and services, the
competitiveness of offers, pricing pressure, decreased demand, and
changes in oil prices; and political, execution, regulatory, and
currency risks. Additional risk factors, which could affect actual
results are disclosed by the Company in its fillings with the
Securities and Exchange Commission ("SEC"), including its Form
10-K, Form 10-Q and Form 8-Ks filed during the year. The Company
expressly disclaims any obligation to revise or update any
forward-looking statements.
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SOURCE ION Geophysical Corporation