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ION wins Kenya seismic ahead of licence round
ION Geophysical has won 3D work offshore Kenya, ahead of a licence round expected in the near term.
ION offshore Kenya
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ION Geophysical has won 3D work offshore Kenya, ahead of a licence round expected in the near term.
The company will carry out two seismic projects. One covers new 3D acquisition in the offshore Lamu Basin. The second involves the reimaging of vintage data offshore Kenya.
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ION awarded exclusive agreement for 3D multi-client programs offshore Kenya
ION Geophysical CorporationApril 8, 2021 GMT
HOUSTON, April 08, 2021 (GLOBE NEWSWIRE) ION Geophysical Corporation (NYSE: IO) today announced that the Company was awarded an exclusive agreement for 3D multi-client programs offshore Kenya. The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya. Offshore Kenya is an attractive area with a proven petroleum system; however, it has remained underexplored, in part due to lack of available 3D data. The final shape and size of new 3D programs will be dictated by client input and underwriting.
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ION Geophysical Corp. has been awarded an exclusive agreement for 3D multi-client programmes offshore Kenya.
The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya. Offshore Kenya is an attractive area with a proven petroleum system; however, it has remained underexplored, in part due to lack of available 3D data. The final shape and size of new 3D programs will be dictated by client input and underwriting.
“We are pleased Kenya’s Ministry of Energy and Petroleum selected ION to increase the understanding and promote the hydrocarbon potential of these offshore resources to attract future investment,” said Joe Gagliardi, Senior Vice President of ION’s Ventures group. “The program will leverage our extensive data library and knowledge offshore Kenya and East Africa. In an increasingly competitive environment for seismic data, we have geographic exclusivity in a promising, underexploited geography to ex
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