Offshore staff
HOUSTON – ION Geophysical Corp. has launched Tannat 3D, a multi-client reimaging program offshore Uruguay.
Leveraging the company’s existing regional UruguaySPAN data and subsurface knowledge, it is reimaging 22,000 sq km (8,494 sq mi) of data over the country’s deepwater blocks to create a contiguous volume for a holistic exploration perspective of the margin.
The 3D surveys of the Tannat project are located within the Punta Del Este and Pelotas basins. The area is a frontier basin with under-explored hydrocarbon potential. Oil and gas accumulations have yet to be identified; however, the conjugate margin of Namibia has evidence of source presence from multiple exploration wells, the company said.
Joe Gagliardi, senior vice president of ION’s Ventures group, said: “There has been renewed interest in exploring the South Atlantic margin following a number of notable discoveries.
“Uruguay recently launched a permanent bidding round for offshore and onshore acreage, known as Open Uruguay Round, which will be held bi-annually in May and November. To revitalize exploration in this frontier basin, the government changed their terms to be more commercial in the global market.
“Exploration wells have documented aspects of a working petroleum system. There are a number of promising offshore opportunities that have not been tested and the new merged volume will help reduce uncertainty in future pursuits.”
01/15/2020
