HOUSTON, Aug. 6, 2015 /PRNewswire/ -- ION Geophysical
Corporation (NYSE: IO) today announced the availability of
fast-track pre-stack time migrated (PSTM) data from the first phase
of its MexicoSPAN™ program. Currently being acquired, phase
one encompasses more than 22,000 km of deep-imaged two-dimensional
(2D) seismic data. Fast-track data delivery is being
prioritized to coincide with the remaining lease sale of
Mexico's Round 1 bid round.
Combined with ION's YucatanSPAN™, GulfSPAN™ and FloridaSPAN™
programs, MexicoSPAN will deliver the industry's only complete,
basin-wide regional view of the Gulf of Mexico. For the first
time, explorationists will be able to fully integrate seismic, well
and even outcrop information from onshore U.S. to the Deepwater
Gulf.
Joe Gagliardi, Senior Vice
President of ION's Ventures vertical, commented, "We are
convinced that this fast-track migrated data from the most modern
regional seismic dataset of the region will give our clients a
distinct competitive advantage in the time leading up to the
remaining lease sale of Round 1."
ION plans to complete acquisition of phase one in September and
commence phase two immediately thereafter. For more
information, visit iongeo.com/MexicoSPAN.
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, Marketing & Communications
Karen Abercrombie, +1
713.366.7281
karen.abercrombie@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