ION announces third phase of Mid North Sea High 3D multi-client program
09 Setembro 2021 - 5:15PM
ION Geophysical Corporation (NYSE: IO) today announced a third,
fully underwritten phase of the Company’s Mid North Sea High 3D new
acquisition multi-client program. The Mid North Sea High program
covers one of the few remaining underexplored areas offshore the
UK, where relatively low development costs close to shore make it
attractive for future investment. Adjacent to the initial phase,
the survey location fills a gap in existing subsurface coverage and
is strategically important to expanding ION’s regional footprint.
Data collection of the ~700 sq km industry-supported survey is
expected to occur from mid-September until late October.
“Client prefunding demonstrates continued
support and interest in this geologically complex, commercially
appealing play,” said Joe Gagliardi, Senior Vice President of ION’s
Ventures group. “ION is strategically investing where we believe
capital will continue flowing throughout the energy transition. We
expect data purchases will largely be aligned with lower risk,
higher return strategies focused on stable regulatory environments,
proven basins and infrastructure-led exploration that leverages
existing nearby facilities. Multiple exploration and appraisal
wells are occurring within the next year to test new prospects and
further define nearby discoveries. Based on the excellent phase one
subsurface image quality, we expect to provide fresh insights in a
new regional perspective for developing the entire Zechstein
play.”
To learn more, visit iongeo.com/MidNorthSeaHigh3D.
About ION
Leveraging innovative technologies, ION delivers
powerful data-driven decision-making to offshore energy and
maritime operations markets, enabling clients to optimize
investments and results through access to our data, software and
distinctive analytics. Learn more at iongeo.com.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial
OfficerMike Morrison, +1 281.879.3615 mike.morrison@iongeo.com
ION (Media relations)
Vice President, CommunicationsRachel White, +1
281.781.1168rachel.white@iongeo.com
The information herein contains certain
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. These forward-looking statements may include
information and other statements that are not of historical fact.
Actual results may vary materially 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 the risks
associated with the timing and development of ION Geophysical
Corporation's products and services; pricing pressure; decreased
demand; changes in oil prices; agreements made or adhered to by
members of OPEC and other oil producing countries to maintain
production levels; the COVID-19 pandemic; the ultimate benefits of
our completed restructuring transactions; and political, execution,
regulatory, and currency risks. For additional information
regarding these various risks and uncertainties, see our Form 10-K
for the year ended December 31, 2020, filed on February 12, 2021.
Additional risk factors, which could affect actual results, are
disclosed by the Company in its filings with the Securities and
Exchange Commission, including its Form 10-K, Form 10-Qs and Form
8-Ks filed during the year. The Company expressly disclaims any
obligation to revise or update any forward-looking statements.
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