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29 May 2025 07:00
29 May 2025
Getech Group plc
("Getech" or the "Company")
Major Globe Platform Subscription Renewal
Getech, a world-leading locator of subsurface resources, is pleased to announce that it has successfully closed a significant Globe platform subscription renewal with a US-based energy super-major. The renewal contract has a total value of $945,000 to be recognised over 3-years.
The successful completion of these negotiations reflects the continued demand for our solutions from energy leaders and the importance they attach to our ability to provide data and analytics in support of their exploration programmes.
Chris Jepps, CEO of Getech, commented:
"Globe enhances resource exploration activities by providing a computer-based model, or 'digital twin', of Earth's geologic development and history. Our customers use this model to help locate potential zones for new resource discovery, and Globe's most recent releases have offered even greater value to its user-base with enhanced data layers and analytical tools.
We are delighted that a long-standing key customer has renewed its subscription to the Globe platform for another three years, reaffirming the value that our flagship product brings to its business. This renewal extends their relationship with Getech as a Globe user to over fourteen years, supports our annual recurring revenue (ARR) and replenishes our order book. Furthermore, it highlights how global geopolitical dynamics and energy supply challenges continue to drive investment in oil and gas exploration - a core market for Getech."
For further information, please contact:
Getech Group plc Chris Jepps, CEO |
Tel: 0113 322 2200 |
Michael Covington, Chairman
| |
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)
|
Tel: 0207 397 8900
|
Novella Communications | Tel: 0203 151 7008 |
Tim Robertson / Safia Colebrook | |
getech@novella-comms.com |
Notes to Editors:
About Getech
Getech is a leading locator of subsurface resources essential for the world's energy security and sustainable transition. The Company combines unique geoscience expertise, AI-driven analytics, and extensive geospatial insight to identify new energy and mineral resources and streamline exploration processes. Serving clients across corporates, government and regulators in a wide range of industries, Getech is committed to enabling energy and mineral security while supporting a shift towards low carbon sources.
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