ION Forms Strategic Alliance with Polarcus

ION Geophysical Corporation

today announced it has formed a multi-year strategic alliance with Polarcus to jointly develop, execute and market 3D multi-client seismic programs globally.  The alliance will leverage the complementary strengths of the two companies to deliver a differentiated 3D multi-client offering to meet oil companies' growing demand for higher quality 3D seismic data.  The alliance will utilize petroleum system insights into key basins derived from ION's 2D BasinSPANTM data library, to locate and design surveys that address specific geological challenges.  The 3D multi-client surveys will be acquired using Polarcus' fleet of advanced, environmentally-friendly, high-performance seismic vessels and will incorporate an industry leading broadband solution combining Polarcus' RIGHTBANDTM acquisition and survey design methodology and ION's WiBandTM data processing technology.