Houston-based ION Geophysical Corporation introduced a brand new 3D multi-client program in Argentina’s Neuquén Basin. ION is almost tripling the scale of its Vaca Muerta program to 25,000 sq km over probably the most potential unconventional performs on this planet, which is estimated to carry 16 billion barrels of recoverable hydrocarbons. The first section of this system is full with twenty-five seamlessly merged 3D knowledge units comprising a single 9,000 sq km depth quantity. The second section of this system is in progress and can improve the venture dimension to 25,000 sq km by merging a further 60 surveys and incorporating 150+ wells. Future interpretation research derived from this data will present the framework for a basin-wide understanding of all main intervals along with the Vaca Muerta Formation.
“Oil and gasoline firms are investing billions of to discover and develop this world-class unconventional useful resource,” stated Joe Gagliardi, Senior Vice President of ION’s Ventures group. “Many operators are energetic within the space and our venture underwriters agree large-scale program will enhance understanding of the basin structure as an entire, and the way the Vaca Muerta suits into the bigger exploration image. ION has repeatedly demonstrated its distinctive potential to quickly and cost-effectively present a cohesive view of basin-wide techniques utilizing present 3D seismic and effectively knowledge.”
The Neuquén Basin Project is a regionally built-in multi-client program within the area that options Argentina’s premium unconventional useful resource, the Vaca Muerta. The Vaca Muerta formation is without doubt one of the most potential unconventional useful resource performs on this planet with an estimated 16 billion barrels of recoverable hydrocarbons.
The Vaca Muerta is a posh play and this built-in knowledge set will assist to supply a greater regional understanding of the formation and its stratigraphic variability.
(Source: ION Geophysical – Image: IEEFA)

The submit ION GEOPHYSICAL TO TRIPLE THE SIZE OF ITS VACA MUERTA PROGRAM appeared first on Energy Global News.

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