Multi-year agreement to access Getech's subsurface intelligence platform
Getech, a leading locator of subsurface resources, 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.
Recent instability in the Middle East has underscored the critical importance of secure global energy supplies and the need to maintain sufficient oil reserves to mitigate unexpected disruptions. As production from mature fields continues to decline, both governments and major energy companies face mounting pressure to improve reserve replacement rates and strengthen energy security, increasing the importance of high-quality exploration
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.'
Source: Getech
