Getech in Leeds announces sale of geoscience data study package

Oil mapping firm Getech Group has announced a "significant" sale of its geoscience data and a regional study package with a value of $536,000.

Jonathan Copus says "we have seen a progressive reopening of the geoscience data market".

The Leeds-based firm, which helps governments and investors locate and manage new energy and mineral resources, also said it continued to trade in line with current market expectations for the 2021 financial year.

Jonathan Copus, CEO of Getech said: "As energy prices have recovered across the first half of 2021, we have seen a progressive reopening of the geoscience data market as energy companies resume their exploration and development activities.

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"Getech's geoscience data, which includes gravity and magnetic data that we have gathered over decades, are a unique and proprietary resource that underpin our knowledge and analytic products and services.

"Our geoscience and geospatial experts help energy companies use this data to make informed decisions about the location and optimal development of natural resources.

"To support our customers' energy transition objectives, our staff are engaged in a process of continuous development to increase the analytical and knowledge functions for low-carbon industries including geothermal, hydrogen, carbon capture and storage, and strategic minerals.

"We expect increased demand for our geoscience data, software and analytic products as both existing energy and natural resource customers and new customers work to decarbonise the energy sector."


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