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ION Signs Multi-Client Agreement for 2D & 3D Programs in Colombia

Source: www.gulfoilandgas.com 1/22/2020, Location: South America

ION Geophysical Corporation (IO) announced the Company entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency, the 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 and investment opportunities of underexplored shallow and deep water offshore blocks on offer.

“We are continuing to extract maximum value from existing datasets by seamlessly reimaging them into a single volume, tying all available well data and then supplementing with new data where necessary,” said Joe Gagliardi, Senior Vice President of ION’s Ventures group. “The combination of Colombia’s new permanent license round and improved legislative terms are causing E&P companies to take a second look at Colombia’s offshore frontier. Analysis to date suggests several established petroleum systems offshore that we believe are worth better understanding.”

Seismic survey News in Colombia >>

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Peru >>  2/10/2020 - Searcher is pleased to announce the completion of its Offshore Peru OpenSeis 2D & 3D Seismic Dataset as part of its Offshore Peru Multi-Client Campaig...
United States >>  2/6/2020 - TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, announced today it has started acquisition of th...

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Mozambique >>  2/4/2020 - CGG has announced the final 3D PSDM seismic dataset from its recent 15,400 sq km multi-client survey of the outer Zambezi Delta in the Mozambique Basi...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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