Sign In
Last checked at 
31 Mar 2026 07:00
31st March 2026
Getech Group plc
("Getech" or the "Company")
Major Globe Platform Subscription Renewal
Multi-year extension to Getech's subsurface intelligence platform
Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased to announce that it has successfully closed a significant Globe platform subscription renewal with a major state-backed Asian offshore oil and gas producer. The renewal contract has a total value of c. £520k to be recognised over three years.
Globe enhances resource exploration activities by providing a 'digital twin' - or computer model - of Earth's geologic development. Its users leverage this unique model to help locate potential zones for new resource discovery.
Completion of this renewal underscores continued demand for Getech's subsurface intelligence solutions and the value Globe provides to customers' exploration programmes.
Chris Jepps, CEO of Getech, commented:
"We are pleased that a key Globe customer has renewed its subscription for a further three years, extending its engagement with the platform to over six years, reflecting the customer's continued investment in exploration as part of the future global energy mix, and reinforcing the relevance of our products and services to this sector.
The contract adds to our order book and strengthens Annual Recurring Revenue (ARR), with a 28% renewal value uplift reflecting inflationary adjustments and enhanced product capability, in line with our ARR growth strategy."
For further information, please contact:
Getech Group plc Chris Jepps, CEO |
Tel: 0113 322 2200
|
| |
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch (Corporate Finance) Jasper Berry / Dale Bellis (Sales) |
Tel: 020 7908 6000
|
| |
Novella Communications | Tel: 020 3151 7008 |
Tim Robertson / Aeliya Bilgrami | |
getech@novella-comms.com | |
Notes to editors:
About Getech
Getech provides trusted subsurface and geospatial insight to organisations across the global natural resources sector. We help corporates, governments, and regulators find and manage the subsurface resources essential to the evolving energy and minerals landscape by combining unique global earth‑science data, leading geospatial expertise and advanced analytics. Our solutions reduce risk, accelerate opportunities and enhance project value throughout the resource lifecycle, supporting activity across oil and gas, critical minerals, geothermal, natural hydrogen and other emerging resource domains.
Founded in 1994 Getech is listed on the Alternative Investment Market of the London Stock Exchange ("AIM"), with ticker symbol GTC.
For further information, please visit www.getech.com.
Follow the stocks
