HOUSTON , May 14, 2013 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it has completed acquisition of approximately 5,200 km of new 2D seismic data offshore Suriname, the first of a regional dataset known as GuyanaSPANTM. A portion of the data acquired covers four deep water blocks on offer as part of the 2013 Suriname licensing round. The regional, long offset data will be imaged by ION's GX Technology group using their latest WiBandTM broadband processing technology.
Doug Allinson, Vice President, Latin America for ION's GeoVentures division, said, "This new ultra-deep regional broadband multi-client program is geologically-driven and designed to complement the bid round data package offered by Staatsolie. This adds to the over 76,000 km of data in ION's existing South American data library, from the East Caribbean to Tierra del Fuego."
PSTM and PSDM deliverables will be available prior to the close of the licensing round in July. To learn more about GuyanaSPAN, visit iongeo.com/GuyanaSPAN. Visit the Staatsolie website to learn more about Suriname's fifth international licensing round.
ION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings are designed to allow E&P companies to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and to enable seismic contractors to acquire geophysical data safely and efficiently. Additional information about ION is available at www.iongeo.com.
ION (Investor relations)
Senior Vice President and Chief Financial Officer
Greg Heinlein, +1 281.552.3011
ION (Media relations)
Vice President - Corporate Marketing
Karen Abercrombie, +1 713.366.7281
The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Acutal results may vary fundamentally from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risk factors that are disclosed by ION from time to time in its filings with the Securities and Exchange Commission.
SOURCE ION Geophysical Corporation