15th July 2026
Getech Group plc
("Getech" or the "Company")
Getech Secures New Globe Contract with European Energy Super-Major
Multi-year agreement to access Getech's subsurface intelligence platform
|
Getech, a leading locator of subsurface resources, is pleased to announce it has signed a multi-year agreement with a European‑headquartered oil and gas super‑major for access to its industry‑leading Globe platform. The new contract has a total value of $660k to be recognised over three years as annual recurring revenue. |
|
This new contract means that five of the world's six recognised oil and gas super‑majors now rely on Globe for subsurface intelligence alongside numerous other international operators and national oil companies. Globe is a unique exploration resource that provides comprehensive subsurface insights derived from the analysis of 400 million years of geological history, including earth structure, tectonic evolution and climate development. Energy explorers use Globe alongside proprietary data to identify new exploration concepts, evaluate potential assets and enhance decision‑making. |
|
Figure 1. Oil production under natural decline rates worldwide in the absence of new investment (IEA 2025, license: CC BY 4.0) |
|
Getech's Globe platform remains an essential tool in meeting this challenge offering the robust subsurface intelligence needed to support responsible exploration and long‑term energy resilience for countries and companies alike. |
|
Chris Jepps, Chief Executive of Getech, commented: |
|
"Welcoming another super-major to the Globe client-base, making it five out of a possible six, is a strong endorsement of the quality and strength of Getech's data and interpretation, and its continued importance to the oil and gas sector. This contract win is evidence of our much-improved new business pipeline and adds to our ARR, which is a key management priority in 2026. It also reflects the growing importance of superior global subsurface intelligence in today's geopolitical climate where energy security is increasingly at risk and new exploration will be needed throughout the world to counter historically low reserve replacement rates." |
This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.
For further information, please contact:
|
Getech Group plc Chris Jepps, CEO |
Tel: 0113 322 2200 |
|
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch / Hanna Leijonmarck (Corporate Finance) Jasper Berry / Dale Bellis (Sales) |
Tel: 020 7908 6000 |
|
Novella Communications |
Tel: 020 3151 7008 |
|
Tim Robertson / Oliver Norton |
|
|
getech@novella-comms.com |
|
Notes to editors:
About Getech
Getech provides trusted subsurface and geospatial insight to organisations across the global natural resources sector. We help corporates, governments, and regulators find and manage the subsurface resources essential to the evolving energy and minerals landscape by combining unique global earth‑science data, leading geospatial expertise and advanced analytics. Our solutions reduce risk, accelerate opportunities and enhance project value throughout the resource lifecycle, supporting activity across oil and gas, critical minerals, geothermal, natural hydrogen and other emerging resource domains.
Founded in 1994 Getech is listed on the Alternative Investment Market of the London Stock Exchange ("AIM"), with ticker symbol GTC.
For further information, please visit www.getech.com.