ION Geophysical Corporation yesterday announced completion of the company’s Barbados Reprocessing project, in coordination with the recent announcement of Barbados’ 2015 Offshore Licensing Campaign.
Heightened interest in oil and gas exploration throughout the Caribbean has stimulated new licensing rounds and boosted demand for superior geophysical data, ION said.
ION’s Barbados Reprocessing is a multi-client two-dimensional (2D) seismic program encompassing more than 9,000 km of newly imaged pre-stack time migration (PSTM) and pre-stack depth migration (PSDM) data designed to advance oil and gas companies’ understanding of the Tobago Trough, Barbados Ridge, Barbados Trough forearc basins and the Outer Deformation Front.
The data was originally captured in 1999, and reprocessed using the latest imaging techniques from ION’s GX Technology team, the company has said.. Combined with adjacent BasinSPAN™ regional data in Trinidad & Tobago, the project expands ION’s coverage in the eastern Caribbean and delivers prospective data for detailed exploration.
“This reprocessed data shows significant improvement in resolution, and provides both an exploration-grade grid and a full regional geological study for evaluating the hydrocarbon potential offshore Barbados and beyond,” noted Brian Horn , Senior Vice President of ION’s E&P Advisors group. “Our goal is to deliver to prospective bidders the fullest and most advanced framework, including seismic ties and conjugates with neighboring basins and existing wells.”
ION will showcase Barbados Reprocessing data at the Caribbean Geological Conference 2015 in Port of Spain, Trinidad, May 17-20, and at the AAPG 2015 Annual Convention & Exhibition in Denver, May 31 – June 3, booth #1529.
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