ION to acquire 2D seismic data offshore northeastern Canada
ION Geophysical Corp. will conduct a 2D multi-client seismic acquisition program in the Grand Banks offshore Newfoundland.
In the first phase of GrandSPAN, ION will acquire about 10,000 km (6,214 mi) of data with an expectation to sanction a second phase of about 5,000 km (3,107 mi) of data farther south in 2019.
The industry-supported program is designed to investigate the architecture, evaluate the petroleum potential of proven basins, and understand the geologic differences between producing and non-producing areas.
GrandSPAN will integrate with two other ION BasinSPAN programs in the area, providing a contiguous regional seismic data set of more than 20,000 km (12,427 mi) offshore northeastCanada.
ION expects acquisition to begin this summer with initial deliverables available in 3Q 2018.