ION Geophysical Corp

ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company's Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company's Systems segment's products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company's Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services.

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ION Geophysical - Software Business provides a navigation system and optimizing land and marine seismic crews.

HOUSTON, June 23, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (OTC: IOGPQ) announced today that it has completed the reprocessing and reimaging of approximately 19,100 km² of 3D seismic data offshore West Africa for its Mauritania 3D reprocessing program. The multi-client program was undertaken through an exclusive agreement with the Ministry of Petroleum, Energy and Mines in Mauritania. It is comprised of 11 vintage seismic surveys and provides a seamless, modern, high resolution data set spanning the Mauritanian offshore coastal basin. This basin is a key part of the frontier MSGBC basin in which several large-scale, offshore, gas fields have been discovered, with an estimated 63 trillion cubic feet (Tcf)* in place in Mauritania thus far.

ION completes Mauritania 3D reprocessing program, providing a greater understanding of the MSGBC basin

HOUSTON, June 07, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (OTC: IOGPQ) announced today that it has completed the processing and imaging of approximately 10,000 km² of 3D seismic data for its Mid North Sea High Phase 2 and 2b programs. The Mid North Sea High program covers one of the few remaining underexplored offshore areas in the UK, where relatively low development costs close to shore and infrastructure, as well as recent play-opening wells, make it attractive for European energy security investments.

ION completes the Mid North Sea High Phases 2 and 2b programs, providing a greater understanding of the Zechstein play

HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (OTC:IOGPQ) announced today that its climate-smart, digital platform, Marlin SmartPort™, has successfully fulfilled its role to help monitor greenhouse gas emissions in the Data-Led Emissions Management (D-LEMA) project. The D-LEMA project is part of the Clean Maritime Demonstration Competition (CMDC) launched in March 2021, funded by the Department for Transport, and delivered in partnership with Innovate UK. As part of the CMDC, the Department allocated more than £23 million to 55 projects supported by 208 organizations from across the UK.

ION's Marlin SmartPort™ successfully fulfills role in helping monitor greenhouse gas (GHG) emissions in the D-LEMA project

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