This is one of OHM's first shallow water contracts since the Company formally launched its shallow water CSEM service in November, and the first time that CSEM will be used in the Falkland Islands. Until now, CSEM was most effective in very deep waters, however OHM has designed a method that overcomes the technical challenges of shallow water, and it can be used effectively in depths as shallow as 50 meters.
The Falkland Islands Government has licensed exploration acreage to a number of companies in water depths that range from 100 to 500 meters in the north and up to 3,000 meters to the south and west of the Islands.
OHM's Chief Executive Officer, Dave Pratt, commented:
"Given the relatively isolated nature of the Falklands, the highly variable water depths and associated high costs of drilling, it is essential to understand as much as possible about drilling prospects to minimize the risk of dry wells. We will be applying leading edge CSEM techniques to Rockhopper's prospects to help maximize their understanding."
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