ION Geo: Announces new 3D multi-client reimaging program offshore Brazil



ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client broadband reimaging program offshore Brazil.  Supported by industry funding, the Picanha program provides a regional 3D framework that cost-effectively delivers fresh insights into the complex Campos and Santos basins’ petroleum systems ahead of upcoming license rounds.

By using ION’s latest broadband processing and imaging technology to reprocess and reimage 100,000 sq km of data from more than 50 interconnecting public-domain 3D surveys, ION is creating a regionally-calibrated, high quality and consistently-imaged 3D data set.  The regional perspective this data set provides will enable exploration teams to better evaluate, risk and rank a portfolio of opportunities for current and future exploration needs.  The large program will be delivered in phases to provide relevant bid round knowledge as quickly as possible.  The first 12,500 sq km over Round 14 have been delivered to clients and the next 25,000 sq km are in progress for December delivery.

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