Getech Grp Regulatory News (GTC)

Getech Group plc

("Getech" or the "Company" and with its subsidiaries the "Getech Group")

The Petroleum Directorate of Sierra Leone extends agreement for the Getech Group's Advisory & Support Services

14th August 2017

Getech is pleased to announce a new agreement to provide advisory and technical support services to the Petroleum Directorate of Sierra Leone through its wholly owned subsidiary, ERCL.

The mission of the Petroleum Directorate is to facilitate the exploration and development of Sierra Leone's petroleum resources for the long-term benefit of its people, through the development of regulatory guidelines and monitoring contract compliance, having due regard for the economy, the environment, safety, technology, as well as balancing the interests of the nation and investor.

ERCL Limited, a Getech Group company, has been working with the Petroleum Directorate since 2016, providing a long-term counterpart training programme for the Directorate's technical team in Freetown, with initial funding from the World Bank's EITAP programme.

The new agreement focuses on building a national database to transform access to data and information needed by organisations in the petroleum sector to help them make their investment decisions. To fast-track insight into the prospectivity of the region, ERCL will leverage its geoscience expertise and add value to the national database by developing a series of technical studies. In its commitment to capacity building, ERCL will also continue to provide technical support, technology transfer and counterpart training to the Petroleum Directorate's technical team.

Getech's CEO, Jonathan Copus, explains more about the benefits that Getech can offer to government agencies: "Having visited the Petroleum Directorate offices and met its team, headed by Director General Raymond Kargbo, I am excited at the prospect of broadening our long term relationships in Sierra Leone. Our Government Services team designs, manages and supports licence and bidding rounds for countries all over the world and we understand how to create an environment of benefit to both the government and investor."

The Getech Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services to develop their nation's natural resources.

The work in Sierra Leone joins similar Getech Group projects in Africa, the Americas and Middle East.

For more information visit the Getech website: www.getech.com / www.ercl.com 

Getech Group plc Tel: 0113 322 2200

Jonathan Copus, Chief Executive Officer

WH Ireland Limited Tel: 0161 832 2174

Katy Mitchell

Notes to Editors:

The Getech Group is a leading AIM-listed supplier of products and services to companies and governments working with natural resources. We provide knowledge, expertise and insight that allows our growing customer base in the oil and gas, mining, nuclear and water industries to make better decisions.​

For more information, please visit our website at www.getech.com.

This update refers to a contract in the ordinary course of business for Getech.