Oil and gas Esri/ArcGIS specialist Exprodat Consulting has been acquired by London-listed Getech Group plc. Exprodat joins Exploration Reservoir Consultants in the Getech stable, acquired in 2015. The unit will continue to trade as Exprodat. Exprodat’s management stated that its customers will benefit from an access to a broader range of services and products targeting exploration and development.
Exprodat’s suite of ArcGIS-based software includes TeamGIS and Unconventional Analyst, both featured in a seminal presentation from Total last year (OITJ 2015 N°1). The company also implements GIS technology and integrates petroleum data with key business systems for clients.
Potential field specialist Getech, a spin-out of the University of Leeds was founded in 1986 and today claims the world’s largest commercially available library of gravity and magnetic data. The company floated on the AIM exchange in 2005 in an IPO that valued the company at some £11 million. Getech’s stock dipped 7% on the announcement.
Bruce Rodney’s Denver-based Exprodat Inc. unit, a data management consultancy and developer of the IQM data quality assessment tool, was not involved in the acquisition.
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