ION Geophysical Corporation has been awarded permits to acquire 12,600 km of seismic data offshore Peru.
Doug Allinson, Vice President, Latin America for ION’s GeoVentures division, said, “Oil and gas companies are becoming increasingly interested in the hydrocarbon potential of basins offshore Peru, driven by several significant finds in the area and Peru’s open and encouraging business environment. PeruSPAN is the first regional, deep focused integrated geological and geophysical interpretation of the area and is designed to provide oil and gas companies with a strategic view of the basin and enhanced reservoir characterization of this promising area.”
Acquisition is expected to start in 2014. Data will be processed by ION’s GX Technology group using its WiBandTM broadband processing technologies, with data deliveries expected to start in 2015.