OHM to acquire Rock Solid Images

Offshore Hydrocarbon Mapping Plc has approved the conditional acquisition of RDSP Acquisition Inc., the holding company for Rock Solid Images, for £10.4 million ($21 million).

Offshore staff

LONDON –Offshore Hydrocarbon Mapping Plc has approved the conditional acquisition of RDSP Acquisition Inc., the holding company for Rock Solid Images, for £10.4 million ($21 million).

"The acquisition of Rock Solid Images brings together two leaders in the reservoir imaging field," says Dave Pratt CEO of OHM. "We have been collaborating together for over a year on initiatives to integrate CSEM data into Rock Solid Images' geologic models and initial feasibility work carried out on a North Sea dataset has yielded exciting results.

"Together, we will be able to accelerate research and development in this area, and intend to secure the ownership of intellectual property rights developed in this field. This acquisition, together with our strategic alliance with CGGVeritas, announced in July, will enable us to develop and implement leading technological solutions arising from the combination of CSEM and seismic data."

08/09/2007

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