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     Ongoing Cooperation to Enhance Intelligent Acquisition Technologies
                          for Towed Streamer Surveys

HOUSTON, Nov. 10 /PRNewswire-FirstCall/ — ION Geophysical Corporation
(NYSE: IO) today announced that it has signed a multi-year, multi-vessel
agreement covering marine acquisition technology with Norway-based
Fugro-Geoteam AS (Fugro), a leading seismic service provider. The agreement
signifies a long-term commitment from both parties to continue developing and
improving steerable streamer technology using ION’s next generation Orca(R)
command & control system and DigiFIN(TM) lateral streamer control and outlines
the terms under which Fugro will further develop these technologies on its
high end, 3D streamer-vessel fleet.

An early adopter, Fugro has already installed these technologies on the
majority of its high end 3D fleet. The next phase of collaboration between
ION and Fugro is intended to ensure that marine acquisition technologies will
meet the increasingly complex survey requirements of the future.

“Fugro is committed to providing a technical edge to our oil & gas company
customers and it is important that we have advanced technologies to help
improve image quality and reduce HSE exposure, while increasing productivity.
As 3D streamer acquisition programs become increasingly complex, we are
pleased to be further integrating Orca and DigiFIN into our marine
operations,” commented Dag Sigurd Stensholt, Vice President Operations of
Fugro-Geoteam. “Fugro and our customers have realized the advanced imaging and
productivity benefits that Orca and DigiFIN have provided in multiple
commercial 3D acquisition surveys.”

ION is leading the charge toward a new era of marine streamer acquisition
with Intelligent Acquisition(TM) [IA]. The portfolio of [IA] technologies is
designed to work together as a single intelligent system to improve
operational productivity and seismic image quality. [IA] is intended to
adjust to the dynamic marine environment by aligning streamer sub-systems to
the unique objectives of each survey and deliver better seismic images
acquired more efficiently, while complying with the most stringent HSE
requirements.

Dave Moffat, Senior Vice President of Marine Imaging Systems at ION
stated, “ION is focused on delivering advanced technology that improves the
quality, productivity, and safety of towed streamer operations in the most
complex offshore environments. By integrating traditionally stand-alone
navigation, positioning, acquisition, and source systems, the result of [IA]
is better seismic images acquired more efficiently. We thank Fugro for their
continued input in the development of our next generation streamer
technologies.”

Orca command & control is at the heart of the [IA] approach to simplify
and automate complex towed streamer operations. Orca software combines marine
technology with advanced prediction capabilities for unprecedented survey-wide
control and, when integrated with other [IA] systems, enables service
providers to improve seismic data quality and operational efficiency while
reducing safety concerns.

DigiFIN, when closely integrated with Orca, controls lateral cable
positioning in a dynamic marine environment. As an early adopter of DigiFIN,
Fugro began deploying DigiFIN systems on all high-end 3D vessels in its modern
seismic fleet earlier this year. DigiFIN enables tighter, more uniform
streamer separation for repeatable, finely sampled seismic data and minimal
infill.

To learn more about ION’s portfolio of Intelligent Acquisition [IA]
products for marine streamer vessels, visit http://www.iongeo.com/IA.

About ION

ION is a leading provider of geophysical technology, services, and
solutions for the global oil & gas industry. ION’s offerings allow E&P
operators to obtain higher resolution images of the subsurface to reduce the
risk of exploration and reservoir development, and enable seismic contractors
to acquire geophysical data more efficiently. Additional information about
ION is available at http://www.iongeo.com.

About Fugro

Fugro-Geoteam is a worldwide leader in offshore seismic services from
exploration to production and development. Headquartered in Norway, Geoteam
operates a modern fleet of seismic vessels that deliver the highest quality
data for today’s 2D, 3D, and 4D surveys. Fugro maintains a leading position in
its various markets through commitment to quality and investment in new
technologies. Additional information about Fugro is available at
http://www.fugro.com.

The information included herein contains 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. Actual results may vary fundamentally
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 risk factors that are
disclosed by ION from time to time in its filings with the Securities and
Exchange Commission.

     Contacts                           ION (Media affairs)
     ION (Financial community)          Senior Manager - Corporate Marketing
     Chief Financial Officer            Jenny Salinas, +1 713.366.7286
     Brian Hanson, +1 281.879.3672      jenny.salinas@iongeo.com

SOURCE ION Geophysical Corporation

CONTACT: Financial community, Brian Hanson, Chief Financial Officer,
1-281-879-3672, or Media affairs, Jenny Salinas, Senior Manager – Corporate
Marketing, 1-713-366-7286, jenny.salinas@iongeo.com, both of ION Geophysical
Corporation
Website: http://www.iongeo.com
http://www.fugro.com
(IO)