ION Geophysical Corporation (NYSE: IO) today announced that its imaging services supported the historic Zama-1 discovery offshore Mexico made by Talos Energy, LLC (Talos) and their partners. Zama-1 is the first offshore exploration well drilled by the private sector in Mexico’s history and is estimated to hold 1.4 to 2.0 billion barrels of oil in place.
ION closely collaborated with Talos to reprocess and reimage data over all their blocks offshore Mexico. The Gulf of Mexico is one of the most complex oil and gas provinces and requires advanced techniques to truly understand the challenging subsurface. The combination of ION’s extensive imaging experience in the Gulf of Mexico and proprietary processing technologies cost-effectively maximized data quality, delivering high resolution images that improved and de-risked prospect identification for the consortium.
