25 July 2006
OHM to conduct extensive CSEM survey for Falkland Oil & Gas
Offshore Hydrocarbon Mapping plc is to conduct an extensive Controlled Source Electromagnetic (CSEM) survey in the South and East Falkland Basins on behalf of Falkland Oil & Gas Limited(FOGL).
The programme will commence in late 2006 with the intention of acquiring CSEM data over many of the larger prospects identified by FOGL from seismic interpretation.
In FOGL's announcement of the contract award FOGL's Chief Executive Officer, Tim Bushell said:
"We are very excited by this new technology and its application in our licences. The use of CSEM imaging is an appropriate exploration tool given the large number of prospects and leads that we have identified. We believe that CSEM can help to significantly reduce risk, improve the chance of success and allow us to focus on the best prospects for drilling in 2008".
OHM's CEO Dave Pratt said:
"Following on from the recently announced results of our surveys on behalf of Rockhopper Exploration plc in the North Falkland Basin, we are delighted to have been awarded this extensive contract by FOGL. In terms of reducing exploration risk ahead of drilling, there is currently no better method than that chosen by FOGL."
A copy of the FOGL statement is set out in the full
press release [PDF, 32KB].
For further information, please contact:
OHM Plc
www.ohmsurveys.com
Dave Pratt, Chief Executive Officer 0870 429 6581
Aquila Financial Limited
www.aquila-financial.com
Peter Reilly 0207 202 2600
Vivenne Macey
Download
press release in full
[PDF, 32KB]
|
