Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Ion Geophysical Corp    IO

ION GEOPHYSICAL CORP

(IO)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Ion Geophysical : Expands Multi-client Data Library Offshore Brazil

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 12:06pm EST

ION Geophysical Corporation announced a new 2D multi-client reimaging program offshore Brazil. The first phase of the Farofa program covers acreage in the deep water Campos basin that will be available for licensing this October in Brazil's upcoming Round 16. The program will reimage ~10,000 km of existing data using the latest technology to provide an updated view of the outboard salt basin area.

This program will extend the Picanha 3D program into the Round 16 area. The limited 3D data available in this area of Round 16 makes the Farofa dataset critical in providing valuable insights of the pre-salt potential. Initial data is expected to be available in Q1 2019 and the program is anticipated to be completed in May 2019.

"Brazil has continued to draw strong interest from large E&P companies, attracting an astounding $5.5 billion in signature bonuses in less than two years," said Joe Gagliardi, Senior Vice President of ION's E&P Business Development. "The Round 16 area covered by the Farofa program has extremely complex salt bodies that overlie and mask the extent of the pre-salt play. The complex nature of this area creates challenges in imaging relative to the inboard part of the Campos Basin, making it an exciting opportunity for new exploration. This program leverages ION's Brazil expertise and expands our data library in Brazil to 75,000 sq km of 3D data and 85,000 km of 2D data offshore."

(c) 2019 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ION GEOPHYSICAL CORP
02/11ION GEOPHYSICAL : Expands Multi-client Data Library Offshore Brazil
AQ
02/08ION GEOPHYSICAL CORP : Change in Directors or Principal Officers (form 8-K)
AQ
02/08ION GEOPHYSICAL CORP : Entry into a Material Definitive Agreement, Material Modi..
AQ
02/07ION GEOPHYSICAL : Management's Discussion and Analysis of Financial Condition an..
AQ
02/07ION GEOPHYSICAL CORP : Results of Operations and Financial Condition, Regulation..
AQ
02/06ION GEOPHYSICAL : 4Q Earnings Snapshot
AQ
02/06ION GEOPHYSICAL : reports fourth quarter and year end 2018 results
PR
02/05ION GEOPHYSICAL : expands multi-client data library offshore Brazil
PR
02/04ION GEOPHYSICAL : announces fourth quarter and full year 2018 earnings and confe..
PR
01/14ION GEOPHYSICAL : Federal Circuit Court vacates lost profits award against ION
AQ
More news
Financials ($)
Sales 2019 214 M
EBIT 2019 6,60 M
Net income 2019 -4,50 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 40,68
Capi. / Sales 2019 0,83x
Capi. / Sales 2020 0,71x
Capitalization 177 M
Chart ION GEOPHYSICAL CORP
Duration : Period :
Ion Geophysical Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ION GEOPHYSICAL CORP
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 25,0 $
Spread / Average Target 98%
EPS Revisions
Managers
NameTitle
R. Brian Hanson President, Chief Executive Officer & Director
James Martial Lapeyre Chairman
Steven A. Bate Chief Financial Officer & Executive Vice President
Jacques P. Leveille Executive Vice President-Technology
S. James Nelson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ION GEOPHYSICAL CORP143.44%177
SCHLUMBERGER NV26.22%63 478
BAKER HUGHES A GE CO21.35%29 236
HALLIBURTON COMPANY19.83%28 174
NATIONAL OILWELL VARCO15.99%11 430
TECHNIPFMC25.59%11 069