ION reprocessing Crosta Profonda offshore Italy 2D seismic data

Offshore staff

HOUSTON – ION Geophysical Corp. (NYSE: IO) has started reprocessing approximately 5,000 km (3,107 mi) of existing 2D Crosta Profonda (CROP) data in a geologically complex region offshore Italy extending from west of Sardinia through the Sicilian Channel and into southern Italian waters.

This reprocessing aims to provide offshore oil and gas licensees with improved regional data that contributes to better overall understanding of the geology of the western and central Mediterranean.

Reprocessing is expected to be completed by 1Q 2016.

The project is being conducted in collaboration with Italy’s Institute of Marine Science, a research body which forms part of the country’s National Research Council that manages the CROP database.

Originally acquired and processed in the 1990s, the CROP dataset encompasses nearly 10,000 km (6,214 mi) of 2D seismic lines

ION is concurrently acquiring and processing seismic data in regions adjacent to the CROP database for its MediterraneanSPAN program. This includes activity related to LibyaSPAN, a project that started in late 2014.

06/04/2015

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