Home Top Movers ION Geophysical Corporation (IO) Started 3D Multi-Client Program With Shearwater GeoServices

ION Geophysical Corporation (IO) Started 3D Multi-Client Program With Shearwater GeoServices

ION Geophysical Corporation (IO) started the month with announcement of a 3D new acquisition multi-client program. The program will especially be focused on the southern North Sea. 

The United Kingdom Continental Shelf (UKCS) is the region of waters surrounding the United Kingdom, in which the country claims mineral rights. In that prolific offshore region, there are some underexplored areas with the Mid North Sea High (MNSH) also among them. But a recent well in that region not only confirmed new plays in recent years but also highlighted the need to explore more of that area. Currently there is limited 3D data available for that area. That provides a unique opportunity to imaging companies to image the same in high resolution for exploration companies. Imaging of the entire area will help them to assess hydrocarbon potential of their future projects.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


ION will acquire most of the survey data available for approximately 11,000 sq km area which the respective industry also supports. The company will make that acquisition completed by next summer. On the other end, company has already started initial phase of the program to complete it by the end of the 2021season.

For the initial acquisition, ION is pleased to select Amazon Warrior of Shearwater GeoServices. ION has demonstrating imaging capabilities while Shearwater holds modern acquisition technology with unparalleled capabilities of offering services. Joining the capabilities of both companies will result in delivering of a high-quality product. And that is the need of all its clients as they seek data to explore opportunities in this attractive new field.

Joe Gagliardi, Senior Vice President of ION’s Ventures group said that the MNSH is area which is closer to shore and with existing infrastructure available there. This makes the area more attractive to existing as well as new players for having low development costs.

U.K. Oil and Gas Authority is likely to be awarding blocks soon through its 32nd U.K. Offshore Licensing Round. And the data will be of key value for those block work commitments.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Havertys Furniture Companies Inc. (HVT) stock gains during after-hour trading, Here’s to know why?

Havertys Furniture Companies Inc. (NASDAQ: HVT) stock declined by 0.39% at last close whereas the HVT stock price gains by 4.6% in the after-hours...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Relmada Therapeutics Inc. (RLMD) stock is plunging in the current trading session; What’s going on?

In the current trading session, Relmada Therapeutics Inc. (RLMD) stock shares are plunging by -5.97%. The current trading price is at $23.62 in the...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Related News

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

F5 Networks Inc. (FFIV) stock soars during pre-market trading. Here’s to know why?

F5 Networks Inc. (FFIV) stock gained by 0.23% at the last close while the FFIV stock surged by 6.05% in the pre-market trading session....

Here is why Cerecor Inc. (CERC) stock turnaround in the after-hours on Monday?

Cerecor Inc. (CERC) shares gained 12.23% in after-hours on Monday, July 26, 2021, and closed the trading at $3.12. in the regular trading session,...

Here is why Bit Digital Inc. (BTBT) stock skyrocketed on Monday?

Bit Digital Inc. (BTBT) shares declined 10.94% in after-hours on Monday, July 26, 2021, and closed the day at $7.90. Earlier in the regular...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam