Getech Grp Regulatory News (GTC)

Getech Group plc

("Getech" or the "Company")

Getech Extends Support to the OGA

As part of their ongoing commitment to encourage further activity in under explored areas of the UK Continental Shelf (UKCS), the Oil and Gas Authority (OGA) has announced the purchase of a comprehensive suite of subsurface datasets and other information sources. 

Getech, an existing OGA supplier and providers of data and information expertise to the natural resources sector, was awarded a further contract; for the supply of satellite derived gravity data covering the entire UKCS.

The package of data sold is a subset of an innovative global dataset developed by Getech through the combination of newly available satellite altimetry with advances in our proprietary processing methods. This has enabled Getech to create a spectacular new gravity data set with comparable resolution to conventional regional 2D ship borne surveys.

Jonathan Copus, CEO of Getech commented: "Through this data sale, our work for the OGA in the Western Approaches Area and our contract to define and execute the OGA's spatial data strategy, we are very pleased to continue our collaborative relationship. We fully support and share the goal of the OGA to encourage organisations to further investigate previously under-explored areas of the UKCS."

Notes to Editors:

Getech is a leading AIM-listed supplier of consultancy services to companies and governments working with natural resources. Our customers work within the oil and gas, mining, atomic energy and water industries. We provide knowledge, expertise and insight that allows our customers to make better business 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.