The Leeds-based company develops, sells and licenses data to help oil companies such as Shell and BP to decide where to explore for oil and gas. Getech said the new project has been funded by oil companies, and should improve the quality and value of its existing satellite gravity map. So far six companies have sponsored the study at £15,000 each.
Professor Derek Fairhead, president and founder of Getech, said: “We believe this R&D study and follow on programme is an integral part of our strategy of keeping Getech at the forefront of data provision. The majority of major oil companies already have Getech satellite derived gravity data, and we regard it as very important to be in a position to continue to provide them with the highest quality data possible.”
The study will use data from CryoSat-2, a satellite using radar to measure sea surface topography.