CSEM Contract - North Sea

 

TIDMOHM 
 
RNS Number : 3661N 
Offshore Hydrocarbon Mapping PLC 
10 June 2010 
 

 
 
PRESS RELEASE 
 
10th June 2010 
                    Offshore Hydrocarbon Mapping plc ("OHM") 
 
Award of North Sea WISE contract including CSEM acquisition; value in excess of 
                                  US$ 1 million 
 
Offshore Hydrocarbon Mapping plc (AIM:OHM), is pleased to announce that it has 
been awarded a CSEM contract, worth in excess of $1 million, in the North Sea, 
by an existing client, Bridge Energy UK Ltd (formerly Silverstone Energy). 
 
The project, under OHM's WISE (Well Integration with Seismic and 
Electromagnetics) product includes providing the client with a fully integrated 
dataset, comprising seismic, CSEM and well information. The OHM Express, a 
state-of-the-art vessel for conducting safe and reliable CSEM operations, will 
acquire the CSEM survey and is expected to commence this project in late summer. 
 
This project is the second to be awarded to OHM by Bridge Energy UK, and follows 
on from a previous successful North Sea CSEM acquisition and interpretation 
survey conducted for Silverstone in 2007. 
 
Richard Cooper, Chief Executive Officer of Offshore Hydrocarbon Mapping 
commented: 
 
"CSEM works best when tightly integrated within a framework constrained by 
seismic and well data. Our WISE methodology combines advanced seismic and well 
processing with CSEM surveying and interpretation to provide a reliable and 
robust appraisal tool. " 
 
 
 
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| Offshore Hydrocarbon Mapping plc     | www.ohmsurveys.com                   | 
+--------------------------------------+--------------------------------------+ 
| Richard Cooper - Chief Executive     | 0870 429 6581                        | 
| Officer                              |                                      | 
+--------------------------------------+--------------------------------------+ 
| Bob Auckland - Finance Director      | 0870 429 6581                        | 
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|                                      |                                      | 
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| KBC Peel Hunt (NOMAD and Broker)     |                                      | 
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| Julian Blunt/David Anderson          | 020 7418 8900                        | 
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|                                      |                                      | 
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| Aquila Financial Ltd (PR)            |                                      | 
+--------------------------------------+--------------------------------------+ 
| Peter Reilly                         | 07881 920542                         | 
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|                                      |                                      | 
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