ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client broadband reimaging program offshore the Western Gulf of Mexico using the Mexican National Hydrocarbons Commission (CNH) data library. The Mexican Ridges 3D reimaging program is fully supported by industry funding and contains eight surveys covering approximately 28,800 sq km over the Mexican Ridges fold belt. Fast track data is available now for the deep water lease round (Round 2.4) in January 2018 and final products will be available for future license rounds in the area.
The Mexican Ridges are known for the complex geology and compressional folds. While there are many proven plays onshore and in shallow water, companies are looking for new play fairways and additionally how the known plays are related to observations in deep water. ION’s Mexican Ridges program is a consistent, contiguous regional 3D volume that provides a better understanding of the hydrocarbon potential in this part of the basin.