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ION to conduct 3D reimaging programme offshore Uruguay

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Oilfield Technology,

ION Geophysical Corp. has announced a new 3D multi-client reimaging programme offshore Uruguay.

Leveraging the company’s existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22 000 km2 of data over the country’s deepwater blocks to create a contiguous volume for a holistic exploration perspective of the margin. This programme builds on ION’s 3D merge and reimaging track record established on a 250 000 km2 data library.

“There has been renewed interest in exploring the South Atlantic margin following a number of notable discoveries,” said Joe Gagliardi, Senior Vice President of ION’s Ventures group. “Uruguay recently launched a permanent bidding round for offshore and onshore acreage, known as Open Uruguay Round, which will be held bi-annually in May and November. To revitalise exploration in this frontier basin, the government changed their terms to be more commercial in the global market. Exploration wells have documented aspects of a working petroleum system. There are a number of promising offshore opportunities that have not been tested and the new merged volume will help reduce uncertainty in future pursuits.”

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