ION announces new 3D multi-client reimaging program offshore Brazil

ION Geophysical Corporation announced a new 3D multi-client broadband reimaging program offshore Brazil.  Supported by industry funding, the Picanha program provides a regional 3D framework that cost-effectively delivers fresh insights into the complex Campos and Santos basins’ petroleum systems ahead of upcoming license rounds.

By using ION’s latest broadband processing and imaging technology to reprocess and reimage 100,000 sq km of data from more than 50 interconnecting public-domain 3D surveys, ION is creating a regionally-calibrated, high quality and consistently-imaged 3D data set.  The regional perspective this data set provides will enable exploration teams to better evaluate, risk and rank a portfolio of opportunities for current and future exploration needs.  The large program will be delivered in phases to provide relevant bid round knowledge as quickly as possible.  The first 12,500 sq km over Round 14 have been delivered to clients and the next 25,000 sq km are in progress for December delivery.

“Repeated oil and gas discoveries in the world-class petroleum systems offshore Brazil continues to draw operators to the region,” said Ken Williamson, Executive Vice President and Chief Operating Officer of ION’s E&P Technology and Services group.  “Picanha leverages ION’s extensive local geological and geophysical experience in combination with our new Accelerated Imaging, making it possible to rapidly deliver high quality data for E&P companies to evaluate the context of these complex basins and to identify prospect opportunities for upcoming ANP license rounds.”