Quantcast

ION Provides Update on FireFly Deployment in East Texas

July 21, 2009

HOUSTON, July 21 /PRNewswire-FirstCall/ — ION Geophysical Corporation (NYSE: IO) today announced that its super-major E&P client has sanctioned the next phase of a high channel count, multicomponent (full-wave) seismic acquisition program in northeast Texas. Data acquisition of the first phase began in May 2009 using a 6,100 station (18,300 channel 3C) FireFly((R)) recording system from ION. The E&P company’s two primary goals in the initial phase of the program were to generate a seismic data volume that would assist in optimizing the acquisition parameters for an anticipated full-field seismic project and to test FireFly’s recording capabilities using Vibroseis energy sources.

Jim Hollis, President and COO at ION, commented, “I believe the Phase I FireFly deployment provided a highly favorable outcome by demonstrating FireFly’s potential as a high production seismic acquisition system. FireFly performed to our client’s specifications in Vibroseis mode, helping them to acquire a high quality, multicomponent seismic data volume in a challenging operating environment in an efficient, HSE-friendly manner. The full-field phase of this program involves an even larger FireFly system, roughly 10,000 stations (or 30,000 3C channels).”

Dawson Geophysical, Inc., America’s leading provider of onshore seismic data acquisition services, was awarded the contract to acquire the data both for Phase I and the full-field program.

According to Dave Wisniewski, Vice President of Dawson, “Dawson has a long history working with remote seismic recording systems. We are glad to be among the early contractors to deploy the FireFly system on a commercial project. This area of East Texas presents numerous acquisition challenges, as the region is interspersed with farms, forests, swamps, road crossings, and mining operations. We appreciated the hands-on field support that ION provided to our crew and look forward to working on the full-field project.”

To learn more about FireFly, visit: www.iongeo.com/FireFly

About ION

ION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION’s offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently. Additional information about ION is available at www.iongeo.com.

About Dawson

Dawson Geophysical Company is the leading provider of U.S. onshore seismic data acquisition services as measured by the number of active data acquisition crews. Founded in 1952, Dawson acquires and processes 2D, 3D, and multi-component seismic data solely for its clients, ranging from major oil and gas companies to independent oil and gas operators as well as providers of multi-client data libraries. Additional information about Dawson is available at www.dawson3d.com.

The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may vary fundamentally from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risk factors that are disclosed by ION from time to time in its filings with the Securities and Exchange Commission.

    Contacts
    ION (Financial community)
    Chief Financial Officer
    Brian Hanson, +1 281.879.3672

    ION (Media affairs)
    Director - Corporate Marketing
    Karen Abercrombie, +1 713.366.7281
    karen.abercrombie@iongeo.com

SOURCE ION Geophysical Corporation


Source: newswire



comments powered by Disqus