PRESS RELEASE
For immediate release:
30 June 2005
OHM awarded first contract offshore Sarawak, Malaysia
Offshore Hydrocarbon Mapping plc (OHM) announced today that the company,
together with Malaysian partner, Petra Resources Sdn Bhd (Petra), has been
awarded a contract by Newfield Sarawak Malaysia Inc. (Newfield) to acquire and
process controlled source electromagnetic data over a number of prospects in
the Deep Water Block 2C, offshore Sarawak.
The contract, which is OHM’s first in South East Asia will commence in early
August. OHM will undertake the survey planning, data acquisition and processing
and Petra will provide the vessel and logistical support for the operation.
OHM CEO, Dave Pratt said, “We are delighted to have secured this contract for a
new client in a new area and with a respected local partner. This award further
demonstrates that the Controlled Source Electromagnetic imaging technique is
becoming accepted as a vital component of the explorer’s toolkit.”
Ends
Contact
OHM:
Dave Pratt
Chief Executive Officer
Aquila Financial Limited:
Peter Reilly
020 7849 3319
William Davidson
020 7849 3320
www.ohmsurveys.com
0870 429 6581
peterreilly@aquila-financial.com
williamdavidson@aquila-financial.com
Notes to Editors
OHM’s survey method transmits an electromagnetic field into the earth, which is
modified by the presence of subsurface resistive layers. These changes in the
field are measured and the resulting data is processed to provide information on
the resistive structure of the subsurface. Because hydrocarbon accumulations
are generally very resistive, this method can indicate the presence of oil and gas
in deep water situations, and can detect and map the edges of such
accumulations. This reduces the risk of drilling non-commercial exploration wells
and can reduce the need for appraisal drilling, thereby creating considerable
value for oil explorers.