Chevron Extends Partnership with REM in Major Contract Award

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Stock Remsense Technologies Ltd (REM.ASX)
Release Time 23 Oct 2025, 12:09 p.m.
Price Sensitive Yes
 Chevron Extends Partnership with REM in Major Contract Award
Key Points
  • US$770,156 (A$1,185,850) contract awarded by Chevron U.S.A. Inc for advanced asset-visualisation services
  • Extends RemSense's long-term partnership and record of delivery under its global Services Agreement with Chevron
  • Follows the recent Shell contract, highlighting growing adoption of virtualplant by Tier-1 global energy clients
Full Summary

RemSense Technologies Limited (ASX: REM) has been awarded a significant new contract from Chevron U.S.A. Inc valued at US$770,156 (A$1,185,850). The project will commence immediately and is scheduled for completion prior to the end of calendar year 2025. It will see RemSense deliver advanced high-resolution photogrammetry scanning and image processing services for Chevron's Liquefied Natural Gas (LNG) facilities. This contract builds upon a series of successful projects delivered under the global Services Agreement and underscores Chevron's continued confidence in RemSense's ability to deliver cutting-edge asset visualisation solutions. This award follows closely after RemSense's initial Shell contract announced earlier this month, further consolidating the Company's position as a trusted provider of innovative asset visualisation technologies to Tier 1 global energy companies. Together, these recent wins highlight the growing confidence that major global clients place in RemSense's expertise driving improved safety, efficiency, and productivity.