ION 2D survey to assess Namibe basin potential offshore Angola

Sept. 19, 2019

Offshore staff

HOUSTONION Geophysical has started work on a new 2D multi-client program offshore West Africa.

NamibeSPAN will cover the little explored Namibe basin offshore southern Angola. The dataset will integrate ION BasinSPAN programs in the area, forming a contiguous regional exploration overview spanning more than 65,000 km (40,389 mi) along the West African coast.

The program will also provide a conjugate tie with offshore Brazil.

ION expected acquisition to begin soon with initial deliverables to be available for an upcoming licensing round later this year. 

“Angola passed several petroleum laws in 2018 to make the legislative and fiscal terms more favorable for investment and to prevent an anticipated decline in oil production,” said Joe Gagliardi, senior vice president of ION’s Ventures group. 

“As a result, this basin is garnering significant interest from E&P companies seeking attractive frontier investment opportunities.”