ION Awarded Agreement for 3D Multi Client Programs Offshore Kenya

Source: www.gulfoilandgas.com 4/8/2021, Location: Africa

ION Geophysical Corporation was awarded an exclusive agreement for 3D multi-client programs offshore Kenya. The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya. Offshore Kenya is an attractive area with a proven petroleum system; however, it has remained underexplored, in part due to lack of available 3D data. The final shape and size of new 3D programs will be dictated by client input and underwriting.

“We are pleased Kenya’s Ministry of Energy and Petroleum selected ION to increase the understanding and promote the hydrocarbon potential of these offshore resources to attract future investment,” said Joe Gagliardi, Senior Vice President of ION’s Ventures group. “The program will leverage our extensive data library and knowledge offshore Kenya and East Africa. In an increasingly competitive environment for seismic data, we have geographic exclusivity in a promising, underexploited geography to execute our 3D strategy, for both new acquisition and reimaging programs. Kenya represents a fourth significant opportunity to diversify our successful 3D reimaging, in addition to Mexico, Brazil and Mauritania.”


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