Marking an inflection point in its global services strategy, RemSense Technologies Ltd (ASX:REM) has expanded its partnership with Chevron (NYSE:CVX) in the USA, with the award of a second contract under the new global Services Agreement.
Under this latest contract with Chevron Global Services Corporation, RemSense will provide high-resolution photogrammetry scanning and image processing services through its innovative virtualplant platform for an offshore production facility in the USA.
Importantly, the agreement provides scope to capture the US-located world class oil and gas production facility in virtualplant.
RemSense managing director Warren Cook said: “RemSense is pleased to continue its partnership with Chevron and to expand our international footprint.
“It demonstrates trust that we have built and the increasing innovation that we deliver to Digital Twins with the virtualplant service offering.”
Global services strategy
The global Services Agreement is delivering on its purpose in providing a valuable mechanism for RemSense and Chevron to engage in the delivery of high-resolution photogrammetry and insights for their global assets via virtualplant.
The contract will provide consideration of US$66,790 (around A$97,500) and is scheduled to be completed by the end of November 2024.
While the contract value may not be considered financially material, the further expansion of RemSense’s partnership with Chevron into the Americas demonstrates the company’s execution of its global services strategy.
The agreement also removes the need to enter into a contract each and every time, thereby accelerating project planning and initiation.
RemSense says it continues to communicate with Chevron and other global energy and commodity producers regarding future needs for virtualplant, and will update the market regarding any subsequent material contracts entered into.
Virtualplant is a high-resolution photographic asset visualisation platform that delivers an intuitive immersive reality experience with centralised intelligence for effortless asset utilisation.
The asset realises the promise of VR/AI technology by creating digital representations of plant assets (digital/visual twins) delivering greater productivity, increased safety and reduced costs.