PGS and ION Geophysical Corp. have entered an agreement to collaborate globally on 2D exploration data, the companies said on June 29. Both companies have modern, high-quality multiclient data libraries that together cover all the significant hydrocarbon provinces around the world. 

The new joint data library will comprise nearly a million line kilometers of uniquely complementary data, including many areas of genuine broadband seismic that have substantial opportunity for integration and reimaging. Drawing on PGS broadband 2D GeoStreamer offering and ION’s latest imaging technology, the companies will produce enhanced deliverables with higher resolution and greater spatial coverage, offering deeper insights and more reliable pre-stack attributes for exploration screening on a global basis. PGS and ION intend to develop an integrated seamless 2D seismic data library over time, creating a comprehensive, data-rich environment to inform exploration business decisions for E&P operators.  The combined data library will be jointly marketed.

“The combined 2D data libraries will provide E&P companies with a more efficient way to identify and high-grade attractive frontier investment opportunities,” Berit Osnes, PGS’ executive vice president, new ventures, said. “ION’s BasinSPAN offering is globally recognized as the benchmark tool for exploration insights at the basin-scale. Referencing and integrating our GeoStreamer enriched 2D data library into that framework will create a valuable opportunity to add resolution to that understanding.”