HOUSTON, Aug. 6, 2015 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the availability of fast-track pre-stack time migrated (PSTM) data from the first phase of its MexicoSPAN™ program. Currently being acquired, phase one encompasses more than 22,000 km of deep-imaged two-dimensional (2D) seismic data. Fast-track data delivery is being prioritized to coincide with the remaining lease sale of Mexico's Round 1 bid round.
Combined with ION's YucatanSPAN™, GulfSPAN™ and FloridaSPAN™ programs, MexicoSPAN will deliver the industry's only complete, basin-wide regional view of the Gulf of Mexico. For the first time, explorationists will be able to fully integrate seismic, well and even outcrop information from onshore U.S. to the Deepwater Gulf.
Joe Gagliardi, Senior Vice President of ION's Ventures vertical, commented, "We are convinced that this fast-track migrated data from the most modern regional seismic dataset of the region will give our clients a distinct competitive advantage in the time leading up to the remaining lease sale of Round 1."
ION plans to complete acquisition of phase one in September and commence phase two immediately thereafter. For more information, visit iongeo.com/MexicoSPAN.
About ION ION is a leading provider of technology-driven solutions to the global oil & gas industry. ION's offerings are designed to help companies reduce risk and optimize assets throughout the E&P lifecycle. For more information, visit iongeo.com.
Contacts ION (Investor relations) Executive Vice President and Chief Financial Officer Steve Bate, +1 281.552.3011 email@example.com
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SOURCE ION Geophysical Corporation