{"id":536683,"date":"2021-09-09T16:18:38","date_gmt":"2021-09-09T20:18:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/"},"modified":"2021-09-09T16:18:38","modified_gmt":"2021-09-09T20:18:38","slug":"ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/","title":{"rendered":"ION announces third phase of Mid North Sea High 3D multi-client program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HOUSTON, Sept.  09, 2021  (GLOBE NEWSWIRE) &#8212; ION Geophysical Corporation (NYSE: IO) today announced a third, fully underwritten phase of the Company\u2019s Mid North Sea High 3D new acquisition multi-client program. The Mid North Sea High program covers one of the few remaining underexplored areas offshore the UK, where relatively low development costs close to shore make it attractive for future investment. Adjacent to the initial phase, the survey location fills a gap in existing subsurface coverage and is strategically important to expanding ION\u2019s regional footprint. Data collection of the ~700 sq km industry-supported survey is expected to occur from mid-September until late October.<\/p>\n<p align=\"justify\">\u201cClient prefunding demonstrates continued support and interest in this geologically complex, commercially appealing play,\u201d said Joe Gagliardi, Senior Vice President of ION\u2019s Ventures group. \u201cION is strategically investing where we believe capital will continue flowing throughout the energy transition. We expect data purchases will largely be aligned with lower risk, higher return strategies focused on stable regulatory environments, proven basins and infrastructure-led exploration that leverages existing nearby facilities. Multiple exploration and appraisal wells are occurring within the next year to test new prospects and further define nearby discoveries. Based on the excellent phase one subsurface image quality, we expect to provide fresh insights in a new regional perspective for developing the entire Zechstein play.\u201d<\/p>\n<p>To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hoqveaGX21pGBehOQfKR_wwSc7bNdgcTx7udqJ8DcR_evV0VXcP5R6qPnUF-5OaEcLGlWbu1Pn1kESGOa9WyqM7fnQCm1b2eCZ_545n8wB7oKXs9QDdVIofmz02Ijexu\" rel=\"nofollow noopener\" target=\"_blank\">iongeo.com\/MidNorthSeaHigh3D<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About ION<\/strong>\n      <\/p>\n<p align=\"justify\">Leveraging innovative technologies, ION delivers powerful data-driven decision-making to offshore energy and maritime operations markets, enabling clients to optimize investments and results through access to our data, software and distinctive analytics. Learn more at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hoqveaGX21pGBehOQfKR_0MLx3wVRn4IDaQa8qTLjGrt6sK_2gRO7-Mp7DEnIPtCSa3jblaKWAnIErRMwLU2wg==\" rel=\"nofollow noopener\" target=\"_blank\">iongeo.com<\/a>.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>ION (Investor relations)<\/strong>\n      <\/p>\n<p align=\"justify\">Executive Vice President and Chief Financial Officer<br \/>Mike Morrison, +1 281.879.3615 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9zd7a5eOKNAGB5851LaW2Mmx-FdMC32qSmHOG_MN1QN0OHpcdOPu39380LdPO4DyG9f62wsFof8v0qQIu0vn45C4Jso8kF6t93m9Pce6QgU=\" rel=\"nofollow noopener\" target=\"_blank\">mike.morrison@iongeo.com<\/a><\/p>\n<p>\n        <strong>ION (Media relations)<\/strong>\n      <\/p>\n<p align=\"justify\">Vice President, Communications<br \/>Rachel White, +1 281.781.1168<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v1Nr61XhXk4EgB8EpM695S_awBmRayDz5SZXZNULJ4lTocaOFUzaoQ9YfutWA_GbG-Yt_Bxo23cZes6aZwBmdvBT55kZozJ4fYH9muJiZU8=\" rel=\"nofollow noopener\" target=\"_blank\">rachel.white@iongeo.com<\/a><\/p>\n<p align=\"justify\">\n        <em>The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include the risks associated with the timing and development of ION Geophysical Corporation&#8217;s products and services\u037e pricing pressure\u037e decreased demand\u037e changes in oil prices\u037e agreements made or adhered to by members of OPEC and other oil producing countries to maintain production levels\u037e the COVID-19 pandemic\u037e the ultimate benefits of our completed restructuring transactions; and political, execution, regulatory, and currency risks. For additional information regarding these various risks and uncertainties, see our Form 10-K for the year ended December 31, 2020, filed on February 12, 2021. Additional risk factors, which could affect actual results, are disclosed by the Company in its filings with the Securities and Exchange Commission, including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.<\/em>\n      <\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyMzM4OSM0Mzk3ODYzIzIwMDY5Mzc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTI0N2E2ODMtYzc0OS00MDM1LWJkMmEtMTlkYTJmYzA0YTkzLTEwMTg1MTA=\/tiny\/ION-Geophysical-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON, Sept. 09, 2021 (GLOBE NEWSWIRE) &#8212; ION Geophysical Corporation (NYSE: IO) today announced a third, fully underwritten phase of the Company\u2019s Mid North Sea High 3D new acquisition multi-client program. The Mid North Sea High program covers one of the few remaining underexplored areas offshore the UK, where relatively low development costs close to shore make it attractive for future investment. Adjacent to the initial phase, the survey location fills a gap in existing subsurface coverage and is strategically important to expanding ION\u2019s regional footprint. Data collection of the ~700 sq km industry-supported survey is expected to occur from mid-September until late October. \u201cClient prefunding demonstrates continued support and interest in this geologically complex, commercially appealing play,\u201d said Joe &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ION announces third phase of Mid North Sea High 3D multi-client program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536683","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ION announces third phase of Mid North Sea High 3D multi-client program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ION announces third phase of Mid North Sea High 3D multi-client program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, Sept. 09, 2021 (GLOBE NEWSWIRE) &#8212; ION Geophysical Corporation (NYSE: IO) today announced a third, fully underwritten phase of the Company\u2019s Mid North Sea High 3D new acquisition multi-client program. The Mid North Sea High program covers one of the few remaining underexplored areas offshore the UK, where relatively low development costs close to shore make it attractive for future investment. Adjacent to the initial phase, the survey location fills a gap in existing subsurface coverage and is strategically important to expanding ION\u2019s regional footprint. Data collection of the ~700 sq km industry-supported survey is expected to occur from mid-September until late October. \u201cClient prefunding demonstrates continued support and interest in this geologically complex, commercially appealing play,\u201d said Joe &hellip; Continue reading &quot;ION announces third phase of Mid North Sea High 3D multi-client program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-09T20:18:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyMzM4OSM0Mzk3ODYzIzIwMDY5Mzc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ION announces third phase of Mid North Sea High 3D multi-client program\",\"datePublished\":\"2021-09-09T20:18:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/\"},\"wordCount\":504,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODMyMzM4OSM0Mzk3ODYzIzIwMDY5Mzc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\\\/\",\"name\":\"ION announces third phase of Mid North Sea High 3D multi-client program - 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The Mid North Sea High program covers one of the few remaining underexplored areas offshore the UK, where relatively low development costs close to shore make it attractive for future investment. Adjacent to the initial phase, the survey location fills a gap in existing subsurface coverage and is strategically important to expanding ION\u2019s regional footprint. Data collection of the ~700 sq km industry-supported survey is expected to occur from mid-September until late October. \u201cClient prefunding demonstrates continued support and interest in this geologically complex, commercially appealing play,\u201d said Joe &hellip; Continue reading \"ION announces third phase of Mid North Sea High 3D multi-client program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-09T20:18:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyMzM4OSM0Mzk3ODYzIzIwMDY5Mzc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ION announces third phase of Mid North Sea High 3D multi-client program","datePublished":"2021-09-09T20:18:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/"},"wordCount":504,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyMzM4OSM0Mzk3ODYzIzIwMDY5Mzc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ion-announces-third-phase-of-mid-north-sea-high-3d-multi-client-program\/","name":"ION announces third phase of Mid North Sea High 3D multi-client program - 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