ION Deploying FireFly to East Texas on Behalf of BP
16 April 2009 - 10:26PM
PR Newswire (US)
Cableless, Full-wave Seismic System to be used on East Texas
Acquisition Projects HOUSTON, April 16 /PRNewswire-FirstCall/ --
ION Geophysical Corporation (NYSE:IO) today announced that a 6,100
station FireFly(R) system will be utilized by BP America Production
Company to undertake two high channel count, multicomponent
(full-wave) seismic acquisition programs in northeast Texas. The
projects are expected to begin in May 2009 and be completed by the
end of the year. Jim Hollis, President and Chief Operating Officer
at ION, commented, "We are delighted that BP has commissioned
another series of FireFly surveys, their first using Version 2.0 of
the system. As many of you recall, BP was one of our field trial
partners for the first-ever deployment of FireFly in November 2006.
They are as familiar as anyone with the system and believe there
are benefits to using FireFly to image a complex subsurface in this
challenging acquisition environment. We expect that our
VectorSeis(R) full-wave sensor will allow BP to optimally image
unconventional reservoir targets, including portions of the
Haynesville shale resource play, while the cableless architecture
of FireFly should allow the seismic contractor to efficiently
acquire the needed seismic data in an area interspersed with farms,
forests, swamps, road crossings, and active mining operations.
Should these surveys go well, we believe that additional
FireFly-enabled projects may emerge in this area over the next
12-18 months. I should also add that this will be the first
deployment of FireFly in which vibroseis will serve as the energy
source." Dawson Geophysical, Inc. (NASDAQ:DWSN), America's leading
provider of onshore seismic data acquisition services, was awarded
the contract to acquire the data on these projects by BP. To learn
more about FireFly, visit: http://www.iongeo.com/FireFly To learn
more about the Haynesville shale, visit:
http://www.aapg.org/explorer/2008/07jul/haynesville.cfm About ION
ION is a leading provider of geophysical technology, services, and
solutions for the global oil & gas industry. ION's offerings
allow E&P operators to obtain higher resolution images of the
subsurface to reduce the risk of exploration and reservoir
development, and enable seismic contractors to acquire geophysical
data more efficiently. Additional information about ION is
available at http://www.iongeo.com/. About Dawson Dawson
Geophysical Company is the leading provider of U.S. onshore seismic
data acquisition services as measured by the number of active data
acquisition crews. Founded in 1952, Dawson acquires and processes
2D, 3D, and multi-component seismic data solely for its clients,
ranging from major oil and gas companies to independent oil and gas
operators as well as providers of multi-client data libraries.
Additional information about Dawson is available at
http://www.dawson3d.com/. The information included herein contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Actual results may vary fundamentally from those
described in these forward-looking statements. All forward-looking
statements reflect numerous assumptions and involve a number of
risks and uncertainties. These risks and uncertainties include risk
factors that are disclosed by ION from time to time in its filings
with the Securities and Exchange Commission. Contacts ION
(Financial community) Chief Financial Officer Brian Hanson, +1
281.879.3672 ION (Media affairs) Director - Corporate Marketing
Karen Abercrombie, +1 713.366.7281 DATASOURCE: ION Geophysical
Corporation CONTACT: financial community, Brian Hanson, Chief
Financial Officer, +1-281-879-3672, or media affairs, Karen
Abercrombie, Director - Corporate Marketing, +1-713-366-7281, ,
both of ION Geophysical Corporation Web Site:
http://www.iongeo.com/ http://www.dawson3d.com/
Copyright
Dawson Geophysical (NASDAQ:DWSN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Dawson Geophysical (NASDAQ:DWSN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024