Business News for the week of 27 May 2013

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Seismic crew survey reports

ION announces new 2D multiclient program on Australia's northwest shelf

29 May 2013­­­—ION Geophysical Corporation has completed acquisition of over 11,500 km of new 2D seismic data on Australia's northwest shelf. Known as WestraliaSPAN, the survey area extends from the Exmouth Plateau to the Browse and Bonaparte Basins. The regional, long-offset data will be depth-imaged by ION's GX Technology group using their latest WiBand broadband processing technology.

Australia's northwest shelf is the major hydrocarbon producing province of Australia and one of the few regions in the world in which major discoveries are still being made. The region's basins contain more than 80% of Australia's identified natural gas resources, as well as extensive oil and gas reserves.