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 USD2.5
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 Officer 0870 429 6581
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
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The company news service from the London Stock Exchange
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