Marine CSEM contract awards
29 Marzo 2010 - 8:00AM
UK Regulatory
TIDMOHM
RNS Number : 3067J
Offshore Hydrocarbon Mapping PLC
29 March 2010
PRESS RELEASE
29 March 2010
Offshore Hydrocarbon Mapping plc ("OHM")
Award of Marine CSEM contracts for customers in India; combined value
approximately US$ 6 million
Offshore Hydrocarbon Mapping plc (AIM:OHM), is pleased to announce that it has
been awarded two contracts for the supply of marine electromagnetic surveys for
clients in India, with a combined value of approximately US$6 million. The OHM
Leader, a state-of-the-art vessel for conducting safe and reliable CSEM
operations, is currently being mobilised for the surveys with the first due to
start in April.
Richard Cooper, Chief Executive Officer of Offshore Hydrocarbon Mapping
commented:
"This will be the first deployment in India for OHM's unique WISE product which
integrates CSEM with a range of other geophysical data. Our clients for these
surveys are experienced and sophisticated CSEM users and our leading
capabilities in such data integration were a major factor in their decision to
choose OHM for this work.
OHM has pioneered the use of CSEM within an integrated seismic interpretation
framework using our WISE products; as a result we are seeing renewed interest in
using CSEM for both exploration and exploitation applications."
+--------------------------------------+--------------------------------------+
| Offshore Hydrocarbon Mapping plc | www.ohmsurveys.com |
+--------------------------------------+--------------------------------------+
| Richard Cooper - Chief Executive | 0870 429 6581 |
| Officer | |
+--------------------------------------+--------------------------------------+
| Bob Auckland - Finance Director | 0870 429 6581 |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| KBC Peel Hunt (NOMAD and Broker) | |
+--------------------------------------+--------------------------------------+
| Julian Blunt/David Anderson | 020 7418 8900 |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| Aquila Financial Ltd (PR) | |
+--------------------------------------+--------------------------------------+
| Peter Reilly | 07881 920542 |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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