Rock Solid Images Contract Win
30 Novembre 2009 - 8:00AM
UK Regulatory
TIDMOHM
RNS Number : 2514D
Offshore Hydrocarbon Mapping PLC
30 November 2009
Offshore Hydrocarbon Mapping plc
30 November 2009
Rock Solid Images wins further West Africa contract
Rock Solid Images, a wholly owned subsidiary of Offshore Hydrocarbon Mapping plc
(AIM:OHM), announced today that it has been awarded one of its largest rock
physics and seismic inversion projects to date, with an order value approaching
$1 million for a client operating in West Africa. Work on the project is
expected to commence in January 2010.
Stated Richard Cooper, CEO of OHM, "We are very pleased that we continue to
attract a significant proportion of the seismic inversion and reservoir
characterization work available in West Africa. Since the start of calendar year
2009, we have been awarded approximately $3.5 million of seismic inversion
project work in this very active and prospective region, resulting in a
significant increase in backlog over the preceding year".
Cooper added, "Armed with our comprehensive knowledge of the regional rock
properties of these Upper Cretaceous reservoirs, as exampled by the Jubilee,
Tweneboa, Odum and Sankofa discoveries offshore Ghana, and, most recently, the
Venus discovery offshore Sierra Leone, we have been able to produce CSEM survey
design parameters which will optimize charged reservoir detection in this
prolific oil province. With this knowledge we have commenced a campaign to
promote the use of controlled source electro-magnetic (CSEM) data as an
important companion data-set to seismic to help with reservoir appraisal and
delineation."
Contact:
+-----------------------------------------------+---------------------------+
| Offshore Hydrocarbon Mapping plc | www.ohmsurveys.com |
+-----------------------------------------------+---------------------------+
| Richard Cooper - Chief Executive Officer | 0870 429 6581 |
+-----------------------------------------------+---------------------------+
| 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 | 0118 979 4100 |
+-----------------------------------------------+---------------------------+
| | |
+-----------------------------------------------+---------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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