Aquila Financial

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Client profile

21 February 2007

Offshore Hydrocarbon Mapping continues to grow international operations

Offshore Hydrocarbon Mapping plc (OHM) announced today that it is expanding its operations by moving to larger offices in both Houston, Texas and Singapore. The announcement follows the company's recent commitment to a five-year charter of a dedicated Atlantic survey vessel to launch in May of 2007.

The Singapore office, now based at the Singapore Science Park, is managed by Dr. James Tomlinson, and will continue to provide crucial survey planning and data processing support for companies exploring for hydrocarbons in Asia, as well as logistical support for clients participating in OHM's CSEM survey programmes. OHM is also moving its Houston-based team to new premises located in the Houston Energy Corridor. The move brings the company closer to a number of key clients and provides the space to expand the survey planning, data processing, data analysis and research facilities in Houston. The office will also accommodate OHM's expanded American sales force.

Larry Scott, OHM's Vice President in Houston comments on the Houston office move:

"Our new Houston facility will enable us to support our clients needs more effectively and gives us vital room for expansion."

Dave Pratt, OHM's CEO comments on the expanding operations:

"The demand for CSEM technology to reduce the exploration risk continues to grow around the world. The development and expansion of our offices reflects the increased demand for OHM's market leading technology Ð in particular around our shallow-water capabilities.

Our new larger offices and expanding teams in both Houston and Singapore will allow OHM to serve the needs of our clients better Ð and ultimately enable more E&P companies to focus on the best prospects at hand."