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ION Geophysical Corporation (OTC: IOGPQ) has finalized the reprocessing of 19,100 km² of 3D seismic data in offshore West Africa, specifically for the Mauritania 3D reprocessing program. This program, established through an exclusive agreement with the Mauritanian government, enhances the quality of data over the coastal basin, which is crucial for discovering large offshore gas fields with an estimated 63 trillion cubic feet of gas. The initiative aims to facilitate future energy contracts and economic growth in the region.
ION Geophysical Corporation (OTC: IOGPQ) has completed processing 10,000 km² of 3D seismic data for the Mid North Sea High Phase 2 and 2b programs, aimed at enhancing energy security in the UK. Utilizing advanced technologies including reflection FWI, the project improves mapping and de-risking of the Zechstein play. ION is set to enhance its data library with around 55,000 km² of new 3D seismic data this year, with timely investments aligning with UK domestic energy production priorities.
ION Geophysical Corporation (OTC:IOGPQ) announced its climate-smart platform, Marlin SmartPort™, has successfully monitored greenhouse gas emissions for the Data-Led Emissions Management (D-LEMA) project, part of the UK Government's Clean Maritime Demonstration Competition (CMDC). The CMDC aims to advance zero-emission maritime solutions with over £23 million allocated to various projects. ION emphasizes the importance of minimizing shipping emissions, which account for nearly 3% of global CO2 emissions, to support global Net Zero targets.
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