Benzinga | Apr 8, 2021 04:16PM EDT

ION Geophysical Awarded Exclusive Agreement For 3D Multi-Client Programs Offshore Kenya; Financial Details Not Disclosed

ION Geophysical Corporation (NYSE:IO) today announced that the Company was awarded an exclusive agreement for 3D multi-client programs offshore Kenya. The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya. Offshore Kenya is an attractive area with a proven petroleum system; however, it has remained underexplored, in part due to lack of available 3D data. The final shape and size of new 3D programs will be dictated by client input and underwriting.