16 July 2007
Offshore Hydrocarbon Mapping plc ("OHM" or "the Company"): Appointment of Asia/Pacific Regional Manager
Offshore Hydrocarbon Mapping plc is pleased to announce the appointment of David Flett to the newly created position of Regional Manager – OHM Asia/Pacific. David's appointment reflects the company's commitment to aggressive expansion within the South East Asia region following on from recent contract awards in Australia and Malaysia.
David has over 25 years experience in the Oil & Gas industry, predominantly within the Asia Pacific region. A geologist, he was previously Managing Director for Paradigm Geophysical Sdn bhd, a world leader in the provision of software and associated consulting technologies to the energy sector. David had full P&L responsibility for Paradigm's Asia Pacific Operations, from Pakistan to Japan and Australasia.
David has also held Managing Director positions with Robertson Research Indonesia between 1988 and 1992 and subsequently Director and EAME Manger positions with Mincom (PTM) from 1992 until the company was acquired by Paradigm in 1999.
At OHM, David will be responsible for the rapid development of the Company's CSEM survey and data library services and for sales and marketing activities within the Asia Pacific Region.
Dave Pratt, Offshore Hydrocarbon Mapping's CEO commented:
"We are delighted that David has joined us at this exciting time in the company's development. He brings knowledge of the market and a depth of experience to the company that we believe will establish OHM as the leading provider of CSEM technologies within the Asia Pacific Region."
For further information, please contact:
Offshore Hydrocarbon Mapping plc
www.ohmsurveys.com
Dave Pratt, Chief Executive 0870 429 6581
Aquila Financial Limited
www.aquila-financial.com
Peter Reilly 020 7202 2601
Yvonne Fraser 020 7202 2609
Notes to Editors
Controlled Source Electro-Magnetic imaging (CSEM) is potentially the most important new technology in the field of offshore oil & gas exploration since the advent of 3D seismic some twenty years ago. CSEM is an innovative offshore geophysical technique, employing electromagnetic remote-sensing technology to detect the presence and extent of hydrocarbon accumulations below the seabed.
The CSEM survey uses a dipole source that is towed just above the seafloor to transmit an electromagnetic field into the earth. This field is modified by the presence of subsurface resistive layers and these changes are detected and logged by an array of receivers placed on the seabed. Because hydrocarbon-bearing formations are highly resistive compared with surrounding formations, a CSEM survey can indicate the presence of oil and gas in offshore situations.
CSEM imaging can significantly reduce the risk of drilling dry exploration wells creating considerable value for oil & gas explorers.
The technique was first used offshore Angola in 2000 and has since become a key deepwater exploration tool for the major oil companies. Very high success rates have been quoted by these companies, particularly when the results of a CSEM survey have been integrated with seismic interpretation.
Offshore Hydrocarbon Mapping plc listed on London Stock Exchange (AIM:OHM) in March 2004.
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