Gulf Oil and Gas accountACCOUNT

Multi-satellite Project Funding Exceeds £1m

Source: www.gulfoilandgas.com 7/16/2014, Location: Europe

Getech has now signed further clients to fund its new global multi-satellite gravity project.

In July 2013, the Company announced that it had funding in excess of £500k to commence a global roll-out of the CryoSat pilot study. This pilot project aimed to develop and demonstrate methodologies to improve the exploration value of satellite gravity data by combining new data from CryoSat-2 with existing data. The Company is now pleased to announce that additional sponsors of the global project have brought the total funding to more than £1m. This project is due to run over a three year period to June 2016, with the majority of this income to be recognised over the next two financial years.

Getech's Chief Executive, Raymond Wolfson, commented "We now have six sponsors for the global roll-out of this project. Based on over twenty years of satellite altimetry processing we have developed methods to combine data from multiple satellites to provide increased resolution gravity data over marine areas. This adds significant value to geological interpretation using the data and therefore benefits hydrocarbon exploration."

Financials and Investment News in United Kingdom >>

Cameroon >>  8/14/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa , is pleased to provide an update regarding the financing process in...
Australia >>  8/12/2020 - Senex Energy Ltd expects to recognise a non-cash impairment charge of approximately $52 million1 in its FY20 full year results to be released on 24 Au...

Bermuda >>  8/11/2020 - Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) announced that ...
Canada >>  8/11/2020 - Westport Fuel Systems Inc. have secured a €7 million loan from Deutsche Bank to improve liquidity during the COVID-19 pandemic and finance capital inv...

United Kingdom >>  8/11/2020 - - Continuing to safely execute our projects and operations worldwide

- On track to deliver US$125 million of cost savings in 2020 and up to...

Australia >>  8/10/2020 - Tap Oil Limited has entered into commodity hedge contracts with BP Singapore Pte Limited (BPS)

Details regarding the 45,000 barrels of con...


Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.