Glex AS is pleased to announce that the customer first announced on 24th February this year has entered into a new paid agreement to extend their introductory access to Glex software and data services for a further six months, while they evaluate entering a full subscription. The customer is a top-tier Norwegian oil and gas producer, part of an international group.
The agreement comprises continued access for multiple users to the Glex Energy portfolio analysis platform and reStore reserves and resources accounting database, together with data services to integrate subscribed data from third-party sources. The extension reflects the customer’s continued interest in Glex’ solutions for portfolio analysis and resource management.
Since Glex employs a portfolio size-based pricing model for its SaaS platform, it follows that compensation from customers of this size falls within the upper tier of the revenue matrix.
About Glex:
Glex is a Norwegian software and data services company developing innovative integration, visualisation, analysis and collaboration tools for E&P companies to help manage and develop their asset portfolios. The SaaS platform Glex Energy® has been in development since 2017 and now also offers solutions for reserves and resources accounting and management. Glex is registered on the NOTC.
Contact Glex:
CEO Andrew McCann +47 415 07 726
andrew.mccann@glex.no