GXT awarded Nigeria seismic contract

Mobil Producing Nigeria (MPN), operator of the Nigeria National Petroleum Corp. (NNPC)/MPN joint venture has awarded GX Technology (GXT) Imaging Solutions group a multi-year seismic data processing contract.

Offshore staff

HOUSTON -- Mobil Producing Nigeria (MPN), operator of the Nigeria National Petroleum Corp. (NNPC)/MPN joint venture has awarded GX Technology (GXT) Imaging Solutions group a multi-year seismic data processing contract.

The contract, the largest data processing award in ION's history, specifies that GXT and its longstanding Nigerian partner, Bulwark Services, will provide advanced imaging services for a series of 2C and 4C seabed seismic surveys that will be acquired over the next several years over producing fields offshore Nigeria.

The data is being acquired by the multi-component OBC (ocean-bottom cable) specialist Reservoir Exploration Technology ASA (RXT) under a separate contract using ION's VectorSeis Ocean (VSO) acquisition platform. VSO is a redeployable seabed seismic system that records broadband, high fidelity seismic data which can be processed into subsurface images of the highest quality and utility.

ION's GXT Imaging Solutions group and Bulwark Services will apply state-of-the-art processing techniques, including converted wave imaging, to the acquired 2C and 4C data.

10/08/2008

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