HOUSTON, May 3, 2016 /PRNewswire/ -- ION Geophysical
Corporation (NYSE: IO) today announced that its Ocean Bottom
Seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew
to conduct an OBS survey offshore Nigeria. A letter of
commitment for the project has been issued by an International Oil
Company, and ION expects the contract to be finalized within the
next few weeks.
ION President and Chief Executive Officer Brian Hanson commented, "We are pleased to be
putting our OBS crew back to work. We will immediately begin
mobilizing to the project site, expect to begin acquiring data in
late June or early July, and to complete full demobilization by
late in the third quarter. Our technology is well suited for
additional opportunities in Nigeria and West
Africa, and we continue to pursue active tenders and leads
for projects in the area. We remain optimistic about our ability to
keep the crew deployed upon completion of this project."
For more information about ION's Ocean Bottom Services, visit
www.iongeo.com/OBS.
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