What’s new in exploration

Covering the seven most prolific offshore basins in the world, Ion Geophysical’s BasinSPANS program has imaged a record-breaking 250,000 km in the 10 years since it was introduced, creating a roadmap of the deepest, coldest and most remote geologic formations in the world. Launched in early 2002 as GulfSPANS, Ion set out a decade ago to create a comprehensive data acquisition program of the Gulf of Mexico. At the time, a record 14 deepwater projects came online. In a 2002 Minerals Management Service (MMS) publication, the agency stated that oil and gas production from the deepwater Gulf had increased by 500% and 550%, respectively.

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