Reason for me buying in!!28 Apr 2009 16:19
Oil and mining industry services business GETECH has announced a major new contract win for its geological studies.
GETECH, which supplies data, studies and interpretation services, said that one of its major oil company clients had contracted to purchase five of its multi-client geological studies, for a total value of £290,000.
One of these studies was recently completed and the other four are in the form of pre-commitment to new studies that will be completed in 2009 and 2010.
The studies not only represent the application of a broad range of technical disciplines, but also cover a wide geographical area including India, South East Asia and South East China.
Raymond Wolfson, GETECH’s chief executive, said the agreement provided further recognition of the very positive way that the company's skills and exploration studies were being viewed by its clients.