ION Wraps Up NamibiaSPAN Seismic Acquisition

ION Geophysical Corporation announced completion of the seismic acquisition of the company’s NamibiaSPAN™ program, which extends the full length of Namibia’s offshore continental margin.

Acquisition was conducted in cooperation with BGP (China National Petroleum Corporation).

With an estimated 100 billion barrels of oil remaining to be discovered and produced in Africa’s offshore waters, NamibiaSPAN plays a critical role in establishing a contiguous dataset for the full West Africa margin extending from Mossel Bay to the Bight of Benin. NamibiaSPAN comprises over 10,000 km of two-dimensional (2D) multi-client data and represents the newest addition to ION’s BasinSPAN™ library, the company said in a press release.

Namibia is positioned to help define future exploration and production activity across a wide region that extends beyond our borders,” Immanuel Mulunga, Petroleum Commissioner for Namibia’s Ministry of Mines and Energy, noted. “Our goal is to achieve the fullest understanding of Namibia’s offshore potential, which includes tying our seismic data with that of neighboring basins in order to better comprehend the margin as a whole.”

As clearly illustrated by recent E&P activity and the accelerated pace of drilling, Namibia has become an important exploration province, attracting oil companies worldwide,” Joe Gagliardi, Senior Vice President of ION’s GeoVentures Group, commented. “In conjunction with existing and planned BasinSPAN surveys in adjacent countries, NamibiaSPAN should help lift offshore activity in one of the world’s most important regions for oil and gas production.”

Data processing and imaging is currently underway, with pre-stack time migration (PSTM) data scheduled for availability by July 2015 and pre-stack depth migration (PSDM) data available by October 2015.

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