Ion Geophysical Corporation News

ION Geophysical Corporation announced its climate-smart, digital platform, Marlin SmartPort, has successfully fulfilled its role to help monitor greenhouse gas emissions in the Data-Led Emissions Management (D-LEMA) project.The D-LEMA project is part of the Clean Maritime Demonstration Competition (CMDC) launched in March 2021, funded by the Department for Transport, and delivered in partnership with Innovate UK. As part of the CMDC, the Department allocated more than £23 million…

ION Geophysical Corporation, a provider of geoscience technology, services, and solutions for the oil and gas industry, has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency (ANH), granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast.In February, the ANH announced a series of reforms to encourage investment in exploration and production, such as a permanent license round and a more attractive tax regime, to boost declining production and increase reserves.The data is intended to enable better understanding of hydrocarbon potential…

ION Geophysical Corporation, a provider of geophysical technology, services and solutions to the global oil and gas industry, has launched Tannat 3D, a multi-client reimaging program offshore Uruguay.Leveraging the ION’s existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the country’s deep water blocks to create a contiguous volume for a holistic exploration perspective of the margin. "This program builds on ION’s excellent 3D merge and reimaging track record established on our quarter of a million square kilometer data library, and adds important geographical diversity to this unique product offering…

ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, announced a new 2D multi-client program offshore West Africa.The industry-supported NamibeSPAN program covers the under-explored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the conjugate tie with offshore Brazil. The extension of the program into the Namibe basin provides valuable insight along both margins and is a framework to identify known discoveries as potential exploration analogues.

ION Geophysical Corporation has announced a new 2D multi-client reimaging program off the Pacific coast of Central America.According to the provider of acquisition equipment, software, planning and seismic processing services, and seismic data libraries to the global oil & gas industry, the Maya Reprocessing program covers unexplored open acreage that has not had E&P activity in 40 years. Previous exploration wells along the margin suggest the presence of an active petroleum system in the Pacific forearc basins. E&P companies can use these data to evaluate the prospective areas identified from the reimaged data. The program covers ~9,000 km of data that extend from the Tehuantepec Basin of Southern Mexico to the Sandino Basin of Western Nicaragua and creates a calibrated data set.

Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet of the Ulstein SX134 design. The marine geophysical company Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard…

ION Geophysical Corporation announce verdict on marine survey streamer control system, vow to overturn it. ION Geophysical Corporation announce the jury returned a verdict against Ion in a patent infringement lawsuit filed against them by WesternGeco L.L.C. in the United States District Court for the Southern District of Texas. The lawsuit alleged that ION's DigiFIN™ lateral streamer control system infringed several method and apparatus claims contained in four WesternGeco U.S. patents regarding control systems for marine seismic streamer steering devices. The jury found that ION willfully infringed the claims contained in WesternGeco's patents and awarded WesternGeco the sum of $105.9 million in damages, consisting of $12.5 million in reasonable royalty and $93.4 million in lost profits.

ION Geophysical Corporation (NYSE:IO) announced that its seismic imaging subsidiary, GX Technology (GXT), has signed an agreement with The Polarcus Group of Companies (Polarcus) for the provision of seismic data processing services. This agreement includes onboard quality control (QC), onboard processing, and land-based data processing (DP) services. The agreement calls for GXT to provide hardware, software and geophysicists in order to support a seismic project's entire imaging lifecycle, from the vessel to an onshore data processing center. Nick Bernitsas, Senior Vice President of ION's GXT Imaging Solutions division, commented, "Many…

ION Geophysical Corporation (NYSE:IO) announced that its Marine Imaging Systems group was awarded a fleet-wide contract by The Polarcus Group of Companies (Polarcus), a new entrant in the marine seismic market, to equip all six of its new vessels with four streamer positioning and control technologies from ION's Intelligent Acquisition(TM) [IA] portfolio. This is the largest-ever commitment to ION's Intelligent Acquisition Marine Seismic Portfolio. The contract, with a value in excess of $25m, includes DigiFIN(TM), CompassBIRD(TM), DigiRANGE(TM) II, and Orca(R) command & control systems. (www.iongeo.com)