HOUSTON, Dec. 4, 2017 /PRNewswire/ -- ION Geophysical
Corporation (NYSE: IO) today announced it is offering a 2D
multi-client data package offshore Argentina in advance of the 2018 license
round. ION has delivered a regional framework consisting of
approximately 30,000 km of data over the Austral and Malvinas basins' relatively under-explored
petroleum region. For almost 10 years, ION's 11,500 km of
ArgentineSPAN was the only dataset available in the Argentine
offshore. The knowledge gained from working these data
enabled us to confidently incorporate and interpret the 30,000 km
of vintage data into our extensive regional understanding offshore
Argentina. ION secured the seismic data and well reports with
exclusive licensing rights.
ION will provide a full interpretation report detailing the
exploration history, the geologic framework and an inventory of
potential leads to jumpstart exploration efforts there in advance
of the anticipated license round in 2018. The complete
seismic database is available now and the full interpretation
report will be completed in December
2017.
Joe Gagliardi, SVP of ION's
Ventures group, said, "ION continues to be a leader in frontier
exploration and fit-for-purpose solutions. Acquiring access
to this unique dataset has provided the opportunity for ION to get
information into the hands of our clients at an early stage, which
can be used for both acreage evaluation and assessment if other
data is necessary for operators to build and execute a rapid
evaluation strategy for the region in advance of the license
round."
To learn more, visit iongeo.com/AustralMalvinas.
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
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, 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-Qs 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