HOUSTON, June 19 - GX Technology Corporation (GXT), a subsidiary of Input/Output, Inc. (NYSE:IO) and a leading provider of seismic imaging and multi-client data, today announced the completion of acquisition for its latest basin-scale geologic program. Located offshore Madagascar, Kenya, and Tanzania, East AfricaSPAN(TM) provides an advanced regional 2D seismic framework for the petroleum systems offshore East Africa.
Ken Williamson, Senior Vice President of the Integrated Seismic Solutions business at GXT, commented, "In East Africa, the geology is quite complex and the available seismic data is limited. A new basin-scale data program was critical to help oil & gas companies thoroughly investigate this region's resource potential. We are excited to include East AfricaSPAN in our globally expanding library. GXT worked closely with regional experts to custom design the program in order to offer E&P companies valuable insights into this offshore region, which is an area of renewed interest and focus. We look forward to helping our customers extract the maximum value from East AfricaSPAN and to extending our SPAN(TM) programs in other potential hydrocarbon-producing areas around the globe."
East AfricaSPAN is currently comprised of approximately 8,300 km of 2D marine data that was acquired using long streamer offsets and long record times. This geologic program defines the regional distribution of source rocks and the wide-scale basement architecture of the East African margin. With acquisition complete, GXT has begun to apply its advanced processing and depth imaging technologies to deliver a structural framework in both the time and depth domains. As part of each East AfricaSPAN dataset, clients receive an interpretation report prepared by regional experts that was designed to help identify potential play types and exploration prospects in the area.
About SPAN Programs
GXT SPAN programs are basin-wide, ultra-deep seismic data libraries that are acquired and imaged using the most advanced geological and geophysical technology available. SPAN programs are custom designed to provide a holistic understanding of petroleum systems including source rock deposition, migration paths, sediment fairways, and reservoir trapping mechanisms. GXT SPAN programs exist for the Gulf of Mexico, the margins of West and East Africa and for offshore basins in Colombia, India, Eastern and Northern Canada, Alaska and the Caribbean. More SPAN programs are planned for key petroleum provinces around the world.
About GX Technology
GX Technology (GXT), a subsidiary of I/O, is a leading provider of advanced seismic imaging solutions to oil & gas companies worldwide. GXT's Image-Driven(TM) solutions include: seismic data processing services, such as state-of-the-art depth migration, reverse time migration, and full-wave imaging; multi-client seismic data libraries, including basin-scale SPAN(TM) seismic programs; software and services for seismic survey design, geophysical analysis, and reservoir modeling; and start-to-finish seismic imaging programs that encompass survey planning, field acquisition, and final image rendering. GXT is a Houston-based company that operates 9 regional service centers worldwide.
I/O is a leading, technology-focused seismic solutions provider. The company provides cutting-edge seismic acquisition equipment, software, planning and seismic processing services and data libraries to the global oil & gas industry. I/O's technologies are applied in both land and marine environments, in traditional 2D and 3D surveys, and in rapidly growing areas like time-lapse (4D) reservoir monitoring and full-wave imaging. Headquartered in Houston, Texas, I/O has regional offices in Canada, Latin America, Europe, China, Russia, Africa and the Middle East. Additional information is available at http://www.i-o.com/.
FCMN Contact: firstname.lastname@example.org
Source: Input/Output, Inc.
I/O - Houston
Chief Financial Officer
I/O - Houston
Director - Corporate Marketing
Web site: http://www.i-o.com/