South American wins for Getech

EXPLORATION data business Getechsaid today said it had won work worth more than $550,000 (£344,000).

The Leeds-based firm said it had received orders for South American data, services and studies.

Getech provides complex geological and geophysical data to help oil companies such as Shell, BP and Exxon Mobil to decide where to sink new wells. It has been working in South American since 1988 and has been managing gravity data acquisition in Argentina, Brazil, Chile and Paraguay since 1991 with Brazilian partners.

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Now it has won a significant interpretation contract and its study, The Geodynamics and Petroleum Geology of the Equatorial Atlantic Margins, was completed and has sold well, it said.

The firm has also taken on a salesman, who helped it achieve new sales.

Ian Somerton, marketing director, said: “The increased sales in South America appear to reflect a combination of, timely studies being available, increased exploration activities due to the high oil prices and the uncertain political situation that exists in North Africa. We believe that when the next Brazilian licensing round is announced, which is expected to be later this year, the interest in our products and services will increase.”

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