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Major Globe Platform Subscription Renewal

31 Mar 2026 07:00

RNS Number : 6672Y
GETECH Group plc
31 March 2026
 

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 earthscience 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.

 

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Date   Source Headline
28th Nov 20194:10 pmRNSHolding(s) in Company
26th Nov 201911:05 amRNSSecond Price Monitoring Extn
26th Nov 201911:00 amRNSPrice Monitoring Extension
16th Oct 20197:00 amRNSSubstantial Sale of Data and Products
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24th Sep 20197:00 amRNSInterim Report
22nd Aug 20197:00 amRNSTrading Update: 6 months to 30 June 2019
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28th Sep 201811:25 amRNSDirectors Dealing
28th Sep 20187:00 amRNSInterim Report for six months ended 30 June 2018
10th Sep 20187:04 amRNSDirector General to Consult with Investors
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31st Aug 20187:00 amRNSTrading Update: 6 months to 30 June 2018
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28th Feb 20187:00 amRNSDirectorate Change
28th Feb 20187:00 amRNSFinal Results for 17 months end 31 December 2017
5th Feb 20187:00 amRNSTrading Update: 17 months to 31 December 2017
25th Jan 20187:00 amRNSLaunch of 4th Offshore Petroleum Licensing Round
20th Dec 20171:42 pmRNSDirectors Dealing
8th Dec 20173:02 pmRNSExercise of Options
31st Oct 20177:00 amRNSInterim Report For Twelve Months End 31 July 2017
27th Oct 20177:00 amRNSSierra Leone 4th Licensing Round Pre-Announcement
20th Sep 20177:00 amRNSTrading Update & Change of Accounting Date
14th Aug 20177:00 amRNSAgreement Extension - Advisory & Support Services
17th May 20177:00 amRNSSubstantial Sale of Data and products

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