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Slide #87. ION Geophysical Corporation — UruguaySPAN
ION Geophysical Corporation (NYSE:IO)
ION Geophysical Corporation (NYSE: IO) today announced that it has successfully acquired 2,800 km of high-quality, depth-imaged seismic data within the Punta del Este Basin offshore Uruguay. Known as UruguaySPAN, this latest addition to ION's global BasinSPAN seismic data library will provide E&P companies with the first deep, geologically-driven image of the province, enabling them to more effectively assess Uruguay's offshore hydrocarbon potential, identify new opportunities, and mitigate exploration risk.
ION Geophysical is a technology company that delivers data-driven decision-making offerings to offshore energy, ports and defense industries. Co.'s offerings are focused on improving subsurface knowledge to improve exploration and production (E&P) decision-making and improving situational awareness to support offshore operations. Co. provides its services and products through two business segments: E&P Technology and Services, which creates digital data assets and delivers services to help E&P companies improve decision-making; and Operations Optimization, which develops subscription offerings and provides engineering services that enable operational control and optimization offshore.
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