RemSense secures third Tier 1 oil & gas facility award through Applus+ partnership
RemSense Technologies (ASX: REM) has received a further project award, via its strategic partner Applus Pty Ltd (Applus+), to deploy its virtualplant asset intelligence application at an offshore platform operated by a Tier 1 Oil & Gas major. The award represents the third facility captured under the program.
The total contract value is A$153,750, with works scheduled for completion in July 2026. For investors, the repeat engagement signals a deepening and repeatable revenue relationship with a global energy operator.
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Inside the project scope
Under the latest agreement, RemSense and Applus+ will deliver ground and drone-based ultra-high resolution imagery capture, processing and delivery via virtualplant for the facility. The project combines advanced scanning technology with ongoing platform access.
Key components of the project include:
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Aerial and terrestrial ultra high-resolution LiDAR scanning and advanced 360-degree photogrammetry
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Creation of an enhanced virtualplant visual twin to support Remote Digital Visual Inspections (RDVI), maintenance planning and engineering workflows
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Ongoing virtualplant access and subscription services to enable Applus+ and Tier 1 Oil & Gas major teams across Australia to collaborate in real time
The recurring subscription services element is notable. It points to ongoing revenue beyond the one-off capture fee, supporting a more durable engagement model.
| Detail | Specification |
|---|---|
| Project partner | Applus+ |
| Operator | Tier 1 Oil & Gas major (offshore platform) |
| Facilities captured under program | 3rd facility |
| Contract value | A$153,750 |
| Scheduled completion | July 2026 |
What virtualplant is and why it matters
The virtualplant platform transforms high-resolution 3D imagery into intelligent visual twins, providing an immersive digital environment for asset management. A visual twin is a detailed, cloud-based digital replica of a physical asset that teams can navigate remotely.
For offshore operators, the practical benefits are clear. According to the announcement, virtualplant enables customers to reduce the need for site visits, improve asset integrity workflows, support safer planning and inspection activities, and provide teams with a consistent source of visual asset information.
The investor takeaway centres on stickiness. This is the technology underpinning recurring engagements with high-value clients, and the more facilities onboarded, the more embedded the platform becomes within an operator’s workflows.
Repeat award reinforces strategic growth with Tier 1 energy operators
The latest award builds on RemSense’s growing relationship with Applus+ and further validates the Company’s strategy to secure repeatable, high-value engagements with global energy operators. Capturing a third facility demonstrates the scalability of virtualplant across offshore oil and gas assets.
Applus+ is described as one of the world’s leading testing, inspection and certification companies, operating in more than 70 countries and employing over 26,000 people. The partnership continues to strengthen both companies’ combined offering to the global oil and gas sector.
Company commentary
“RemSense considers the expansion of virtualplant across a third facility to be an important milestone in demonstrating the platform’s capability to support digital transformation initiatives across complex and high-value industrial environments.”
The announcement also confirms there are no material terms or conditions precedent requiring satisfaction to enable the contract works to be fulfilled, and no terms outside of normal commercial terms and conditions. This indicates a firm, uncomplicated agreement.
What comes next
In the near term, the focus is on completion of the contracted works in July 2026. The recurring subscription model and the Applus+ channel position the engagement for potential further facility onboarding.
Strategically, RemSense has stated its objective of establishing virtualplant as a trusted digital visualisation solution for Tier 1 energy and resources companies. The third facility award supports that direction, reflecting increasing adoption of the platform across complex offshore operating environments.
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