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ION Announces New 2D Multi-client Program Offshore Canada

Source: www.gulfoilandgas.com 5/17/2018, Location: North America

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ION Geophysical Corporation announced a new 2D multi-client program offshore Grand Banks in Newfoundland, Canada. In the first phase of GrandSPAN, ION will acquire approximately 10,000 km of data with an expectation to sanction a second phase of approximately 5,000 km of data further south in 2019.

The industry-supported program is designed to investigate the architecture, evaluate the petroleum potential of proven basins and understand the geologic differences between producing and non-producing areas. GrandSPAN will integrate with two other ION BasinSPAN programs in the area, providing a contiguous regional seismic data set in excess of 20,000 km offshore northeast Canada. ION expects acquisition to begin this summer with initial deliverables available in Q3 2018.

"There has been a significant amount of oil and gas activity offshore northeast Canada for some time," said Joe Gagliardi, Senior Vice President of ION's E&P Business Development group. "However, exploration efforts to date have been fragmented, with a limited understanding of small geographic areas. This program is designed to understand on a regional scale differences between basins in the area and why some exploration wells were successful and others were not. This kind of information provides E&P companies with new insights to more cost-effectively explore and develop acreage in this area."

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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