HOUSTON– ION Geophysical Corp. has started a new 2D multi-client seismic acquisition program offshore Panama.
Supported by industry funding, this is said to be the first seismic survey acquired there in about 30 years.
PanamaSPAN is designed to provide the framework to evaluate the hydrocarbon potential of this unexplored area ahead of the anticipated inaugural license round. It is acquiring up to 10,000 km (6,214 mi) of seismic data.
The company said that initial deliverables will be available in 4Q 2017 and complete interpretation of the data will be available by mid-2018.