HOUSTON, Sept. 7, 2016 /PRNewswire/
-- Schlumberger WesternGeco and ION Geophysical
Corporation today announced a new 3D multiclient reimaging
broadband program offshore Mexico,
which uses Mexico's National
Hydrocarbons Commission (CNH) data library. The Campeche 3D reimaging program comprises three
survey areas covering approximately 82,000 km2 in the
Bay of Campeche offshore southern
Mexico.
Leveraging both companies' extensive imaging experience in
Mexico, the program will be
processed using a combination of custom technologies and techniques
from both organizations that will maximize data quality and offer
geological insights for upcoming licensing rounds.
The complexity and variability of the geological areas being
surveyed require a set of consistent, advanced workflows to
maximize bandwidth, while producing data with strong low frequency
content for subsalt areas and high-resolution data for non-salt
areas of the basin. The use of broadband preprocessing coupled with
high-resolution steep dip reverse time migration (RTM) and
Kirchhoff imaging algorithms will produce data ideal for prospect
identification and exploration.
ION President and Chief Executive Officer, Brian Hanson, commented, "We are pleased to be
collaborating with WesternGeco on such a large project offshore
Mexico, where we anticipate
continued strong client interest. The Campeche 3D reimaging program area is in one
of the most challenging, yet prospective regions offshore
Mexico where we have significant
processing experience and expertise."
Maurice Nessim, President,
WesternGeco, said, "We are confident this collaboration will bring
value to our customers through the highest quality imaging, which
will improve their understanding of the complex subsurface geology
in this area. We expect to see a significant improvement in subsalt
and above-salt imaging to better inform our customers through their
licensing rounds and development decisions."
The program is fully supported by industry funding. Fast-track
data are available now for Round 1.4 deepwater bid preparation
decisions.
About the Companies
ION (NYSE: IO) 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.
Schlumberger is the world's leading provider of
technology for reservoir characterization, drilling, production,
and processing to the oil and gas industry. Working in more than 85
countries and employing approximately 100,000 people who represent
over 140 nationalities, Schlumberger supplies the industry's most
comprehensive range of products and services, from exploration
through production, and integrated pore-to-pipeline solutions that
optimize hydrocarbon recovery to deliver reservoir performance.
Schlumberger Limited has principal offices in Paris, Houston, London and The
Hague, and reported revenues of $35.47 billion in 2015. For more information,
visit www.slb.com.
Contacts
Rachel White
Vice President, Communications
ION
Tel: +1 713 366 7281
Email: rachel.white@iongeo.com
Susan Ganz
Public Relations Manager—Western Hemisphere
Schlumberger
Tel: +1 713 939 2997
Email: sganz1@slb.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