Business
Pilot study converts to multi-client project
Pilot study converts to multi-client project.
About this update from Getech Group Plc
[{"type":"text","content":"\n \nRNS Number : 9913J GETECH Group plc 24 July 2013 \n \n\n \n\nGetech Group plc\n(\"Getech\" or the \"Company\")\n \nCryoSat-2 pilot study converts to multi-client project with income exceeding £500,000 over three years \n \nGetech, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, is pleased to announce that it has now signed up three clients to fund its new global multi-satellite gravity project.\n\nIn April 2012, the Company announced that it had started an oil-industry funded pilot project using gravity data from the \"CryoSat-2\" satellite. This aimed to develop and demonstrate methodologies to improve the exploration value of satellite gravity data by combining new data from CryoSat-2 with existing data. The pilot study was performed over selected geographical areas of the world.\n \nThe Company has presented the results from the pilot study and has now signed up the first three clients to fund the global roll-out of the work. The total committed income from these initial clients is in excess of £500,000 to fund the three year project. \n \nGetech's Chief Executive, Raymond Wolfson, commented \"Getech has been a leading group since the mid-1990s in the production of the highest resolution satellite derived gravity products and projects such as this help us to maintain that position. We are very pleased to have signed up three companies so far and anticipate that further clients will join the project as it progresses.\"\nEnquiries\n \n\n\n\n\nGetech Group plc\nRaymond Wolfson, Chief Executive\n \n\n\nTel: 0113 322 2200\n\n\n\n\nWH Ireland Limited\nKaty Mitchell\n\n\nTel: 0161 832 2174\n \n \n\n\n\n\nWalbrook PR\nHelen Westaway\n\n\nTel: 020 7933 8790\nMob: 07841 917 679\[email protected]\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END NRARJMFTMBATBLJ\n ","length":3938,"tagName":"div"}]