Amid continued interest in hydrocarbon resources offshore Mexico, ION Geophysical Corp. (NYSE: IO) has announced a new 3-D multiclient broadband reimaging program in the western Gulf of Mexico, the company said in a news release.
Using the Mexican National Hydrocarbons Commission (CNH) data library, the program targets the Mexican Ridges, which ION said is “known for the complex geology and compressional folds.”
ION said the Mexican Ridges 3-D reimaging program contains eight surveys that cover about 28,800 sq km over the Mexican Ridges fold belt. Fast-track data is available for the deepwater lease round (Round 2.4) scheduled for January 2018, and final products will be available for future license rounds in the area, the company said.
“There is strong continued client interest in Mexico and demand for higher resolution data following the historic Zama-1 discovery. With the success of our Campeche reimaging program, ION is expanding its multiclient data offshore Mexico,” Ken Williamson, executive vice president and COO of ION’s E&P technology and services group, said in the release. “Our regional expertise in the Gulf of Mexico has enabled us to refine and test our geological understanding using the 3-D data and provide cost-effective, high quality imaging to improve prospect identification and de-risk multiple exploration opportunities in the basin.”
The program is fully supported by industry funding.