Data in demand at listed energy industry business
Getech, which provides geoscience data, software and analytic products and services to the energy industry, has confirmed a sale of its geoscience data and a regional study package worth $536,000/£387,000.
Leeds-based Getech also says it is continuing to trade in line with current market expectations for the 2021 financial year.
Chief executive office, Jonathan Copus, said: “As energy prices have recovered across H1 2021, we have seen a progressive reopening of the geoscience data market as energy companies resume their exploration and development activities.
“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.”
