Getech Group plc – Significant National Oil Company Multi-Year Contract announcement.
Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, today announced a further significant multi-year contract with a major National Oil Company (‘NOC’).
?The contract is for a three year period with the NOC having the option to extend for a further two years. Getech progressed successfully through an extended tender process and the NOC has now confirmed that Getech is one of three companies contracted to provide basin evaluation services. It is anticipated that the NOC will offer by way of tender to these three companies several basin evaluation packages per year, and that the value of each package will, if won by Getech, significantly affect the Company’s results and therefore be the subject of further announcements. The shares are up 12.5%…