PEMEX extends seismic data processing contract with ION

Offshore staff

HOUSTON – ION Geophysical Corp. has received an extension to its existing multi-year contract with PEMEX.

Under this contract, ION is providing a broad range of seismic data processing for multiple offshore and onshore surveys. The work will be executed via through its Villahermosa, Mexico, and Houston offices.

The scope of services includes velocity model building, pre-stack depth migration using both beam migration and high frequency reverse time migration techniques, and the company’s latest advancements in full waveform inversion and orthorhombic tomography.

In Villahermosa, ION professionals will closely collaborate with their PEMEX counterparts to accelerate the identification of new exploration leads and development drilling targets.

Ken Williamson, executive vice president and COO of ION’s E&P Technology & Services group, said: “The extension of this multi-year contract reinforces that PEMEX continues to derive value from our differentiated technologies and services. We are excited about continuing to collaborate with PEMEX as they navigate this new era of energy reform, and to support the technical and commercial success of their core assets.”

01/28/2016

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