SCAN Inks Contract for Seismic 2D Project Offshore Argentina

SCAN announced that GX Technology (GXT) a subsidiary of ION Geophysical, and SCAN, have successfully executed a formal Contract following the previously announced letter of intent (LOI). The contract agreement is for the marine seismic acquisition of up to 8,000 kilometers of long offset 2D data, some of which will be used to complete GXT’s ArgentineSPANTM program.

In order to meet the demanding conditions and geophysical objectives of this high profile project, GXT and SCAN have agreed to mobilize SCAN’s high capacity 2D vessel, M/V GEO SEARCHER, equipped with a 10,000m solid streamer and special tuned source.

Acquisition is scheduled to commence within the nearest week.