8,000km of Basin-scale Data Acquisition Added
ION Geophysical's GeoVentures group has added an extra 8,000 kilometres of regional seismic data to its Greater BrasilSPAN programme in the Equatorial Margin offshore northern and north-eastern Brazil. To be processed by ION's GX Technology data processing group, this new data supplements the approximately 17,600 kilometres of data the company acquired in the region in 2009 and brings the total number of kilometres in the company's BrasilSPAN portfolio to over 50,000.
Recent discoveries in West Africa's Ghana and Ivory Coast, which are geologically similar to Brazil's Equatorial Margin basins, have increased interest among oil & gas companies in the conjugate margin in northern Brazil. ION's Greater BrasilSPAN provides E&P companies with a better understanding of the orientation of the transform and growth faults and the deposition environment of the key basins from Foz do Amazonas to Potiguar.
The second phase of ION's Greater BrasilSPAN programme will be available in the third quarter of 2012, in anticipation of the 11th Brazilian licensing round expected to be announced in early 2012.
