GETECH Group plc OGA 21CXRM Contract Win
14 February 2017 - 6:00PM
RNS Non-Regulatory
TIDMGTC
GETECH Group plc
14 February 2017
Getech Group plc
("Getech" or the "Company")
OGA 21CXRM Contract Win
Getech, providers of natural resources exploration data and
information expertise, has been awarded a contract by the UK's Oil
and Gas Authority ("OGA"), in collaboration with the 21st Century
Roadmap Technical Advisory Committee ("21CXRM"), for a petroleum
system related study of the United Kingdom Continental Shelf
("UKCS") South West Approaches region.
A key finding of the Wood Report for Oil and Gas was that the
Government and the oil and gas industry should have a current and
easily accessible digital record of the geology and prospectivity
of the UKCS. To support this objective, the 21CXRM was set-up to
support technical assurance in mature areas and promote investment
into frontier regions.
The committee is led by the OGA and includes industry
representation from Azinor Catalyst, BayernGas, BP, Chevron, DONG,
ENGIE, Hurricane Energy, Maersk Oil, Shell and Siccar Point Energy.
Their role is to award contracts and develop a collaborative
framework to enable the UK exploration and production community to
meet the Wood Report's recommendations.
Simon Campbell, Head of Gravity and Magnetic Solutions for
Getech, explains; "Getech's unique compilation of gravity and
magnetic data over western Europe, combined with our industry
leading Multi-Sat solution offshore, is being used to enhance the
understanding of the crustal architecture of the region. With a
focus on the UK SW Approaches we will combine calculated
depth-to-basement and crustal thickness with structural analogues
along the Variscan front through western Europe to help identify
potentially prospective areas."
The contracts, such as the one recently awarded to Getech
represent the start of a much longer project. Nick Richardson, OGA
Head of Exploration and New Ventures, went on to explain that;
"these projects represent the initial phases of more extensive
regional mapping projects to drive exploration across the UK
Continental Shelf."
Enquiries:
Getech Group plc Tel: 0113 322
Jonathan Copus, Chief Executive 2200
WH Ireland Limited Tel: 0161 832
Katy Mitchell 2174
Notes to Editors:
Getech is a leading AIM-listed supplier of products and services
to the energy and natural resources industries. The Group uses its
core geoscience and geographic information systems (GIS) skills to
help a wide range of companies and governments gain a competitive
commercial advantage through improved decision making and enhanced
operational efficiency.
For more information, please visit our website at
www.getech.com.
This update refers to a contract in the ordinary course of
business for Getech
This information is provided by RNS
The company news service from the London Stock Exchange
END
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