ION Geophysical Corporation announced that its Concept Systems software group has signed a five-year agreement with Petroleum Geo-Services (PGS), one of the leading geophysical companies in the world. The agreement, the largest ever for Concept Systems software, specifies that PGS will upgrade all existing 2D and 3D towed streamer vessels to Orca® command & control in a phased manner and that...
ARAM Systems, a subsidiary of ION Geophysical Corporation, announced the commercialization of its cable-based ARIES II(TM) seismic recording platform. ARIES II provides the operational flexibility to cost-effectively undertake complex 2D, 3D, and 4D acquisition programs both onshore and in transition zone environments, and delivers the capabilities needed for both high channel-count acquisition programs...
ION Geophysical Corporation announced that its Marine Imaging Systems group was awarded a fleet-wide contract by The Polarcus Group of Companies (Polarcus), a new entrant in the marine seismic market with a green philosophy, to equip all six of its new state-of-the-art vessels with four streamer positioning and control technologies from ION’s Intelligent Acquisition(TM) [IA] portfolio. The contract,...
Pengrowth Corporation, administrator of Pengrowth Energy Trust is pleased to announce that it has entered into a definitive agreement to acquire Canadian oil and natural gas producing properties and undeveloped lands (the “CP Properties”) through the acquisition of the shares of four subsidiaries of Burlington Resources Limited, a subsidiary of ConocoPhillips, for a purchase price of $1.0375...