Getech Wins New Contract with Combined Value of £1.2M

Source: www.gulfoilandgas.com 3/1/2022, Location: Europe

Getech, the NetZero technology provider and data-led energy asset developer, is pleased to announce that it has secured new contract wins for its geoscience data and energy software products with a combined value of c. £1.2 million.

The Company's customers use these unique products to locate, de-risk and optimize the development, and long-term economic production of subsurface projects - including oil and gas, strategic minerals, geothermal, green hydrogen and carbon capture and storage.

The contracts, which include annual and multi-year licences with new and existing customers, add to Getech's recurring revenue and orderbook.

Getech's Chief Executive Office, Dr Jonathan Copus, commented:
"We are delighted by these contract wins and that our data and energy software products are continuing to demonstrate strong demand. With Getech being in the vanguard of the energy transition, we are continuing to invest in our foundation product offering to deliver new tools and content that promote their use across an array of energy transition sectors. As the pace of progress to NetZero accelerates, we see opportunity to deliver significant growth"


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