Metatek-Group Secures New Airborne Data Contracts with SOCAR and Canadian Energy Firm in Azerbaijan After 2025 Test Success

SOCAR Follow-Up Contract Validates 2025 Test Program Success

On July 17, 2026, Metatek announced it had been awarded a second multi-disciplinary airborne data acquisition, processing, and interpretation contract by the State Oil Company of the Azerbaijan Republic (SOCAR). This follow-on contract is a direct result of the successful smaller test survey program completed for SOCAR in 2025.

Dr. Mark Davies, CEO of Metatek, described the award as confirmation of the company’s technology and operational expertise. "This contract marks a repeat engagement with a government client in Azerbaijan following last year’s successful test program," Dr. Davies said. "It highlights the strength of our technology and the proficiency of our survey, processing, and interpretation teams, whose delivery of high-quality results earned our client’s trust and led to this expanded mandate."

Canadian Energy Company Awards Separate Azerbaijan Contract

Alongside the SOCAR follow-on contract, Metatek secured a new multi-disciplinary airborne data acquisition contract with a Canadian energy company active in Azerbaijan. The company has not disclosed the identity of this Canadian operator.

This second contract underscores the broad applicability of Metatek’s proprietary geophysical technology across diverse operational environments and client types in the region. Dr. Davies emphasized that the dual contracts "demonstrate the versatility of our technology and the value it delivers across multiple resource sectors," adding that "together, these projects build a significant body of work in the region, strengthen our Central Asia presence, and open opportunities for long-term client partnerships."

Data Acquisition Set for Q3 2026, Processing in Q4

Data acquisition for both SOCAR and the Canadian energy company contracts is slated for the third quarter of 2026. Metatek announced that its digital Full Tensor Gravity Gradiometry (dFTG) system will mobilize to Azerbaijan within weeks, enabling timely project execution.

Processing, interpretation, and integration with the 2025 survey and legacy seismic data are expected to conclude in the fourth quarter of 2026. Financial details of the contracts were not disclosed.

Metatek’s Advanced Geophysical Technology Platform

Metatek is the exclusive global provider of Enhanced Full Tensor Gravity Gradiometry (eFTG) and Digital Full Tensor Gravity Gradiometry (dFTG) technologies. The company offers high-definition subsurface mapping services for strategic and critical minerals, energy resources including hydrocarbons, helium, and hydrogen throughout exploration and development phases.

Operating across air, land, and sea environments, Metatek emphasizes rapid data acquisition, processing, and scientific interpretation capabilities. Its services support national energy security and aid in discovering hydrocarbons, minerals vital for sustainable energy such as lithium, nickel, and copper, as well as reservoirs for natural hydrogen and geothermal energy.

Strategic Expansion in Central Asia Market

The announcement of two simultaneous contracts in Azerbaijan marks a significant expansion of Metatek’s footprint in Central Asia. The successful 2025 test program for SOCAR appears to have built sufficient confidence to secure a larger follow-on contract, indicating the technology met or exceeded client expectations.

The concurrent award to a Canadian energy company operating in the same region suggests Metatek’s technology suits various business models and operational scales. This dual engagement may enable operational efficiencies through consolidated logistics and in-country infrastructure deployment, as referenced by the company’s mention of "efficient in-country deployment."

System Mobilization and Execution Timeline

Metatek reported that its dFTG system will mobilize to Azerbaijan in the coming weeks, preparing for rapid execution of Q3 2026 data acquisition for both contracts.

The compressed schedule from mobilization through Q3 data acquisition to Q4 processing and interpretation reflects a coordinated operational plan. Integrating 2025 survey data and legacy seismic data into the workflow is expected to enhance the interpretive value of the completed projects.

Repeat Client Engagement and Long-Term Growth Potential

The SOCAR follow-on contract is especially notable as a repeat engagement with a government client, a relationship type that often provides long-term stability and recurring business. The progression from a smaller 2025 test program to an expanded 2026 contract follows a typical technology validation and client acquisition pattern in geophysical services.

Dr. Davies described the contracts as establishing "a meaningful body of work in the region" and creating "opportunities to build long-term customer relationships," indicating Metatek views these engagements as foundational to its broader Central Asia strategy. Government and major energy clients in resource-rich areas often require ongoing geophysical services, potentially generating sustained demand for Metatek’s technology.

Risk Factors and Forward-Looking Statements

The announcement contains standard forward-looking statements with associated disclaimers. The company notes these statements are subject to "various known and unknown risks and uncertainties," including factors such as "timing and execution of contracts; ability to mobilize and operate internationally; regulatory and permitting processes; continuation of client relationships; and general economic, geopolitical, and industry conditions."

Investors should recognize that international operations in Central Asia entail risks related to geopolitical stability, regulatory frameworks, and logistics. Successful contract execution depends on mobilization, regulatory approvals, and maintaining client relationships. The company advises reviewing its latest filings with Canadian Securities Regulatory Authorities, including its Annual Information Form and MD&A, available on SEDAR+ at www.sedarplus.ca for further risk details.

Industry Position and Competitive Advantage

As the exclusive global provider of eFTG and dFTG technologies, Metatek holds a differentiated position in the geophysical services market. Securing repeat business from SOCAR and contracts from major Canadian energy operators indicates its technology offers competitive advantages in subsurface mapping.

Expanding into Central Asia diversifies Metatek’s geographic reach. The region’s abundant hydrocarbon and mineral resources create ongoing demand for exploration and development services. Contract awards to both government and private energy companies demonstrate strong market acceptance of Metatek’s technology across varied client profiles and risk levels.