Getech, a global leader in locating essential energy and mineral resources crucial for the energy transition, has announced entry into an Exploration Collaboration Agreement with Sound Energy, the transition-focused energy company.
Pursuant to the Agreement, the parties will collaborate to seek to explore for natural hydrogen and helium in Morocco, with the initial phase of the Agreement comprising a joint regional screening study to identify areas of potential interest for more detailed assessment by the parties.
Getech will leverage its proprietary, world-renowned gravity and magnetics database, along with its advanced geoscience platform, Globe™, and machine learning algorithms, to identify prospective regions for geological hydrogen and helium in Morocco. Meanwhile Sound Energy will contribute to the Agreement with specific regional geoscience knowledge and extensive operational expertise, from its long experience and established in-country capabilities as the largest onshore hydrocarbon exploration permit holder in Morocco, to facilitate any future exploration process.
Both companies will aim to jointly negotiate exclusive rights for the exploration and exploitation of hydrogen and helium resources in Morocco, progressing towards necessary geophysical and drilling activities to unlock potential deposits.
Richard Bennett, CEO at Getech, commented:
'We look forward to collaborating with Sound Energy to unlock the potential of natural hydrogen and helium resources in Morocco. Getech’s advanced geoscience solutions and AI capabilities will play a crucial role in driving cost-effective exploration in this highly promising region.'
John Argent, VP Geoscience at Sound Energy, commented:
'This agreement with Getech, a company with renowned geological expertise in the energy and mining sectors, is a significant first step forward in our strategy to expand our exploration activities into new transition energy resources, starting in Morocco. With our established presence and operational expertise, combined with Getech’s innovative geoscience tools, we are well-positioned to lead the way in seeking to unlock Morocco’s hydrogen and helium potential.'
Source: Getech
