CSEM Contract Award
16 Novembre 2009 - 8:00AM
UK Regulatory
TIDMOHM
RNS Number : 5331C
Offshore Hydrocarbon Mapping PLC
16 November 2009
PRESS RELEASE
16 November 2009
Offshore Hydrocarbon Mapping plc ("OHM")
OHM Enters Strategic Partnership with BGP and secures Marine CSEM Survey in
offshore Equatorial Guinea
OHM is pleased to announce that it has entered into a strategic partnership with
the Bureau of Geophysical Prospecting in China (BGP) to provide marine CSEM
survey design, acquisition and processing services to BGP. BGP has awarded the
first survey to OHM within the framework of this new agreement for the
acquisition of marine CSEM data offshore Equatorial Guinea, with a contract
value of approximately $2.5 million. The CSEM survey is anticipated to start in
late November, 2009
Richard Cooper, CEO of OHM commented: "We are delighted that BGP, one of the
world's largest geophysical contractors, has chosen OHM as their supplier of
choice for our WISE integrated CSEM products and services. We look forward to
working with BGP on this first joint survey and developing a strong and
long-lasting partnership to the benefit of all."
Contact:
+-------------------------------------+-------------------------------------+
| Offshore Hydrocarbon Mapping plc | www.ohmrsi.com |
+-------------------------------------+-------------------------------------+
| Richard Cooper - Chief Executive | 0870 429 6581 |
| Officer | |
+-------------------------------------+-------------------------------------+
| Bob Auckland - Finance Director | 0870 429 6581 |
+-------------------------------------+-------------------------------------+
| | |
+-------------------------------------+-------------------------------------+
| KBC Peel Hunt (Broker and NOMAD) | 020 7418 8900 |
+-------------------------------------+-------------------------------------+
| Julian Blunt | |
| David Anderson | |
+-------------------------------------+-------------------------------------+
| | |
+-------------------------------------+-------------------------------------+
| Aquila Financial Ltd (PR) | |
+-------------------------------------+-------------------------------------+
| Peter Reilly | 0118 979 4100 |
+-------------------------------------+-------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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