HOUSTON, Aug. 1, 2017 /PRNewswire/ -- ION Geophysical
Corporation (NYSE: IO) today announced a new 3D multi-client
broadband reimaging program offshore Brazil. Supported by
industry funding, the Picanha program provides a regional 3D
framework that cost-effectively delivers fresh insights into the
complex Campos and Santos basins' petroleum systems ahead of
upcoming license rounds.
By using ION's latest broadband processing and imaging
technology to reprocess and reimage 100,000 sq km of data from more
than 50 interconnecting public-domain 3D surveys, ION is creating a
regionally-calibrated, high quality and consistently-imaged 3D data
set. The regional perspective this data set provides will
enable exploration teams to better evaluate, risk and rank a
portfolio of opportunities for current and future exploration
needs. The large program will be delivered in phases to
provide relevant bid round knowledge as quickly as possible.
The first 12,500 sq km over Round 14 have been delivered to clients
and the next 25,000 sq km are in progress for December
delivery.
"Repeated oil and gas discoveries in the world-class petroleum
systems offshore Brazil continues
to draw operators to the region," said Ken
Williamson, Executive Vice President and Chief Operating
Officer of ION's E&P Technology and Services group.
"Picanha leverages ION's extensive local geological and geophysical
experience in combination with our new Accelerated Imaging, making
it possible to rapidly deliver high quality data for E&P
companies to evaluate the context of these complex basins and to
identify prospect opportunities for upcoming ANP license rounds."
To learn more, visit iongeo.com/Picanha.
About ION
ION is a leading provider of technology-driven solutions to the
global oil & 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
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