HOUSTON, Aug. 3, 2017 /PRNewswire/ -- ION Geophysical
Corporation (NYSE: IO) today announced a new 3D multi-client
broadband reimaging program offshore the Western Gulf of Mexico using the Mexican
National Hydrocarbons Commission (CNH) data library. The
Mexican Ridges 3D reimaging program is fully supported by industry
funding and contains eight surveys covering approximately 28,800 sq
km over the Mexican Ridges fold belt. Fast track data is
available now for the deep water lease round (Round 2.4) in
January 2018 and final products will
be available for future license rounds in the area.
The Mexican Ridges are known for the complex geology and
compressional folds. While there are many proven plays onshore
and in shallow water, companies are looking for new play fairways
and additionally how the known plays are related to observations in
deep water. ION's Mexican Ridges program is a consistent,
contiguous regional 3D volume that provides a better understanding
of the hydrocarbon potential in this part of the basin.
"There is strong continued client interest in Mexico and demand for higher resolution data
following the historic Zama-1 discovery. With the success of
our Campeche reimaging program,
ION is expanding its multi-client data offshore Mexico," said Ken
Williamson, Executive Vice President and Chief Operating
Officer of ION's E&P Technology and Services group. "Our
regional expertise in the Gulf of
Mexico has enabled us to refine and test our geological
understanding using the 3D data and provide cost-effective, high
quality imaging to improve prospect identification and de-risk
multiple exploration opportunities in the basin."
To learn more, visit iongeo.com/Ridges.
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