Getech Group PLC (AIM:GTC) has secured a US$660,000 contract with a European-headquartered oil and gas super-major, adding three years of recurring revenue and extending its reach across the industry’s largest operators.
The unnamed customer will use Getech’s Globe subsurface intelligence platform, with the contract value recognised over three years as annual recurring revenue. The award means five of the world’s six recognised oil and gas super-majors now use the service.
Globe draws on 400 million years of geological, tectonic and climate history to help explorers identify prospects, evaluate assets and improve investment decisions alongside their own proprietary data.
Chief executive Chris Jepps said the win provided evidence of Getech’s “much-improved new business pipeline” and supported management’s focus on growing recurring revenue during 2026.
