Share this page with someone.

Facebook Twitter LinkedIn Print Email

HOUSTON and PORT OF SPAIN, Trinidad, May 25 /PRNewswire-FirstCall/ — GX
Technology (GXT), a leading seismic imaging service provider and a subsidiary
of Input/Output, Inc. (NYSE: IO), announced today the opening of an advanced
seismic imaging services center in Port of Spain, Trinidad. Located off the
northern coast of Venezuela, Trinidad has been undergoing a resurgence of
exploration activity in recent years as numerous international E&P operators
position themselves to develop and expand a resource base in excess of five
billion barrels of oil equivalent.

After a history of delivering high-caliber seismic images to its clients
operating in Trinidad, GXT was encouraged to open an advanced imaging center
in the country. GXT is staffing the Port of Spain center with local
geoscientists as well as experienced GXT professionals drawn from other
imaging centers around the world.

Mick Lambert, President of GX Technology, commented, “GXT is delighted to
open the Port of Spain center. It will be the fourth international imaging
services center that we have opened in just over a year. As with all of our
advanced imaging centers, the Trinidad facility will be outfitted with state-
of-the-art seismic processing technology and will provide our oil and gas
customers with the resources and services required to solve their most
challenging imaging problems. Oil & gas company interest in Trinidad and
Tobago continues to increase both onshore and offshore, especially with the
upcoming licensing round. This center reinforces our commitment to closely
align our resources with the needs of our customers and to deliver high-
quality seismic images with reduced cycle times. We have operated in this
market for several years and, based on numerous proprietary imaging projects
and the insights gleaned from our ultra-deep CaribeSpan imaging program, have
a good foundation upon which to launch this imaging center.”

All locally-hired geoscientists in Port of Spain will participate in GXT’s
extensive imaging training program. By learning how to utilize the advanced
imaging tools and leverage the experienced professionals within GXT, these
local geoscientists will serve as a valuable vehicle for transferring the
latest oil & gas exploration technology to the Trinidadian community.

The Port of Spain center will provide advanced seismic imaging services,
including pre-stack time migration (PreSTM), advanced velocity model building,
and pre-stack depth migration (PreSDM). GXT’s advanced imaging centers also
provide customers with local access to the complete range of full-wave imaging
products and services offered by GXT and I/O. The company’s imaging solutions
are designed to help oil & gas companies better visualize and evaluate their
subsurface data to identify potential reservoirs and well locations, both
onshore and offshore.

About GXT

GX Technology (GXT), a subsidiary of Input/Output, Inc., is a leading
provider of Image-Driven(TM) seismic solutions. Oil & gas companies apply
GXT’s advanced imaging solutions to produce the highest fidelity land and
marine subsurface images and reduce the risk and cost of finding and producing
hydrocarbons. GXT’s solutions include start-to-finish seismic acquisition
programs, time processing, pre-stack depth and time imaging, anisotropic
imaging, wavelet-based AVO analysis, 4D and full-wave services, and fracture
detection and modeling. GXT also provides software and services for seismic
acquisition planning, survey design and modeling. GXT is a Houston-based
company that operates regional service centers in Denver, London, Calgary,
Aberdeen, Caracas, Luanda and Port Harcourt.

About I/O

I/O is a leading, technology-focused seismic solutions provider. The
company provides cutting-edge seismic acquisition equipment, software, and
planning and seismic processing services to the global oil and gas industry.
I/O’s technologies are applied in both land and marine environments, in
traditional 2D and 3D surveys, and in rapidly growing areas like time-lapse
(4D) reservoir monitoring and full-wave imaging. Headquartered in Houston,
Texas, I/O has regional offices in Canada, Latin America, Europe, China,
Russia, Africa and the Middle East. Additional information is available at
http://www.i-o.com .

For More Information Contact:

Piers Gormly
GX Technology
1-713-789-7250

Kelly Smith
I/O Corporate
1-281-879-3593

SOURCE Input/Output, Inc.; GX Technology

CONTACT: Piers Gormly of GX Technology, 1-713-789-7250; or Kelly Smith,
Corporate of Input-Output, Inc., 1-281-879-3593
Web site: http://www.i-o.com
(IO)