The company has delivered a regional framework consisting of about 30,000 km (18,641 mi) of data over the Austral and Malvinas basins.
ION said that the knowledge gained from working the 11,500 km (7,146 mi) ofArgentineSPAN data enabled it to incorporate and interpret the 30,000 km of vintage data into its regional understanding offshore Argentina. ION secured the seismic data and well reports with exclusive licensing rights.
The company will provide a full interpretation report detailing the exploration history, the geologic framework, and an inventory of potential leads to jumpstart exploration efforts in advance of the anticipated license round next year.
The complete seismic database is available now and the full interpretation report will be completed this month.
Joe Gagliardi, SVP of ION’s Ventures group, said: “Acquiring access to this unique dataset has provided the opportunity for ION to get information into the hands of our clients at an early stage, which can be used for both acreage evaluation and assessment if other data is necessary for operators to build and execute a rapid evaluation strategy for the region in advance of the license round.”