ION Geo: Announce collaboration with PlanSea for OSV logistics
ION Geophysical Corporation, launched on August 13, 2007, is a technology-focused company. The Company provides geophysical technology, services and solutions to the global oil and gas industry.
ION Geo is currentlytrading up by 9.80% percent from yesterday’s close.
The Business’s offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface, which are used in hydrocarbon exploration and development. The Company offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services (OBS).
It acquires, processes and interprets seismic data from seismic surveys on a multi-client basis. The Company offers various technologies, which include Orca and Gator command and control software systems, WiBand broadband data processing technology, Calypso OBS acquisition system, Marlin simultaneous operations solution and other technologies.
PlanSea Solutions Limited offers operational management control, fleet optimisation and vessel scheduling software for the offshore oil and gas marine support sector.
PlanSea has developed software previously successfully deployed in other industries and aimed at maximising vessel utilisation and efficiency through optimised scheduling.
This is achieved by “right-sizing” vessel fleets to help minimise spot market (short term vessel hire) exposure and by minimising the number of offshore installation visits – all of this also provides substantial Health, Safety and Environmental Risk benefits accruing from the resultant minimisation of vessel time at sea.