Getech Group, located in Leeds, secures three significant contracts to aid in the energy transition process.
In a significant development for Getech Group, the Leeds-based company has secured three major contract wins for its digital platform, Globe. These contracts, worth over £0.8 million over the next three years, underscore the value and demand for Globe in the energy sector.
Getech's digital platform, Globe, plays a pivotal role in supporting the energy transition by providing comprehensive geological, geophysical, and geospatial data and analytics. This platform enables energy companies and stakeholders to make more informed decisions as they shift towards cleaner energy sources and optimize exploration and development activities in a sustainable way.
Two of the contracts are one-year extensions of Globe subscriptions for existing clients: a leading European oil and gas supermajor and a respected global energy company. The third contract is a new one, securing a three-year Globe subscription for an Asian oil and gas company.
The new client hailing from Asia joins the roster of prestigious clients that include a leading European oil and gas supermajor, a respected global energy company, and the Asian oil and gas company. The total duration of the contracts is three years for the new client and one year each for the two existing clients.
These contracts will provide services to the clients, enabling them to search for new resources more efficiently and reduce exploration costs. They are also supporting the energy transition in the oil and gas industry.
Richard Bennett, Getech Executive Chairman, commented on the company's contract wins, stating, "These contract wins demonstrate our strategic role in enabling a more sustainable energy future through innovative digital technologies."
Getech is continuing to develop new income streams from outside of the oil and gas sector, signifying the company's commitment to a broader, more diverse portfolio. This latest news marks an exciting milestone in the hydrogen market, underscoring the potential for digital technologies to drive sustainable energy solutions.
This article was published on July 17, 2023.
In conclusion, Getech's Globe platform supports the energy transition by offering detailed subsurface and environmental data critical for exploration and development, enhancing decision-making with spatial analytics and modelling tools, supporting both legacy hydrocarbon projects and emerging renewable energy initiatives, and being validated through significant contract wins exceeding £0.8 million, highlighting industry trust and reliance on the platform.
The energy transition is being fostered by the Globe platform, developed by Getech Group, as it offers valuable geological, geophysical, and geospatial data and analytics to energy companies and stakeholders. This platform, currently securing contract extensions and new business from leading energy companies in Europe, Asia, and globally, is also driving sustainable energy solutions in the finance sector.
Richard Bennett, Getech's Executive Chairman, acknowledges the strategic role of the company's digital technologies in facilitating a more sustainable future, whether it be through existing oil and gas operations or the growing hydrogen market.
