GXT Completes Seismic for Beaufort East and Chukchi

GX Technology Corporation (GXT), a seismic imaging services provider and a subsidiary of Input/Output, Inc., on Monday announced the completion of acquisition for the Beaufort East and Chukchi phases of its latest basin-scale seismic program, ArcticSpan.

The Beaufort East phase will provide high-resolution subsurface images of prospective targets in the Mackenzie Delta region and its contiguous continental margin of the Canada Basin, offshore Canada. The Chukchi phase will provide a regional 2D seismic framework for the entire Chukchi Outer Continental Shelf (OCS) area.

Mick Lambert, President of GX Technology, commented, "GXT has built one of the most up-to-date seismic libraries in the industry. We are proud to add ArcticSpan to our portfolio and look forward to helping our customers locate the 30 billion barrels of oil equivalent that the U.S. Geological Survey (USGS) estimates is undiscovered in the Mackenzie Delta region of North America. Designed with the active participation of regional experts, the program's goal is to offer E&P companies valuable insights into this under- explored, high-potential offshore region. We will continue to work in the region to help our customers extract the maximum value from ArcticSpan and to provide them with advanced processing services related to this data library in the years ahead."

ArcticSpan is comprised of approximately 6,500 km of 2D data along the northern coasts of Alaska and Canada. The program was designed to transect key geologic features and improve geoscientists' understanding of the depositional history of the area. Seismic data acquisition involved very long offsets of 9,000 meters, record lengths of 18 seconds, and a specially designed seismic source to illuminate the basin. GXT will use its advanced processing and depth imaging techniques to deliver the structural framework in the depth domain with an unprecedented ultra-deep focus. Clients will receive an interpretation report with each dataset that is designed to help in identifying potential play types and exploration prospects in the area.

GXT will commence delivery of the ArcticSpan dataset in time for customers to analyze the data in advance of the Minerals Management Service (MMS) Chukchi lease sale scheduled for November 2007.

GXT Spans are basin-scale, ultra-deep seismic data libraries that are acquired and imaged using the most advanced geological and geophysical technology available. Spans are custom designed to provide a holistic understanding of petroleum systems including source rock deposition, migration paths, sediment fairways, and reservoir trapping mechanisms. GXT Spans exist for the Gulf of Mexico, the margin of West Africa and for offshore basins in Colombia, India, Canada and the Caribbean. More Spans are planned for key petroleum provinces around the world.

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