ION enters Phase 1 of MexicoSPAN offshore 2D seismic survey

Offshore staff

HOUSTON ION Geophysical Corp. (NYSE: IO) has begun Phase 1 of MexicoSPAN, encompassing more than 22,000 km (13,670 mi) of deep-imaged 2D seismic data.

Combined with ION’s YucatanSPAN, GulfSPAN, and FloridaSPAN programs, ION said MexicoSPAN will deliver a complete, basin-wide regional view of the Gulf of Mexico.

Subsequent infill phases will enhance the project with the precise amount of 2D data necessary to better identify size and location of major prospective structures before moving into subsequent 3D workflows using 3D data soon to be available from Mexico’s Comisión Nacional de Hidrocarburos.

ION will leverage the recent results of YucatanSPAN, in combination with its extensive 3D imaging experience in the Gulf of Mexico, to enable optimal design of line placement and spacing of infills.

Fasttrack products representing current (first round) bidding areas will be available in 3Q 2015.

07/07/2015

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