Zama-1 is the first offshore exploration well drilled by the private sector inMexico’s history and is estimated to hold in place 1.4 to 2.0 Bbbl of oil.
ION says that it closely collaborated with Talos to reprocess and reimage data over all its blocks offshore Mexico. The company says it delivered high-resolution images that improved and de-risked prospect identification for the consortium.
John Parker, executive vice president of Exploration, Talos, said: “…Talos launched this proprietary reprocessing project in March 2016, confident that ION could achieve significant improvement in imaging compared to the original data.
“ION’s proprietary reprocessing of seismic data over blocks 2 and 7 delivered significant uplift with superior images of multiple prospects, including Zama. ION completed the project on time and on budget. The Zama-1 results make a number of these additional prospects, both shallow and deep, look very attractive.”
Ken Williamson, executive vice president and COO of ION’s E&P Technology and Services group, said: “Tight collaboration with the consortium, almost 10 years of experience imaging the basin, and the application of the right technologies were key to accomplishing the consortium’s imaging objectives. ION continues advancing its processing capabilities to gain significantly greater value from seismic data to reduce the risk and cost of exploration and enable new discoveries.”