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Satnews Daily
May 20th, 2016

SpeedCast Gets Deeper Into O&G With New Middle East Contract

SpeedCast International Limited (ASX: SDA) has been awarded a contract to provide one of the most prestigious global oilfield service companies in the world (‘Customer’) with a fully managed network service for ten sites in the UAE and Oman, as an expansion to current services in other regions.

Keith Johnson, the Senior Vice President & General Manager—Energy, SpeedCast, said, “Managed services create significant value for our customers as SpeedCast delivers end-to-end service managing and controls all aspects of the network as well as the complexity of the local licensing and regulatory requirements. That way, we ensure networks are delivered on-time and on-budget, comply with local laws, and meet the most demanding operational standards. With a managed service agreement, we can react quickly to new requirements and provide services to new sites in a seamless manner.”

This win demonstrates our ability to achieve revenue synergies as a result of our recent acquisitions," Pierre Jean Beylier, CEO of SpeedCast, said. "Our recent acquisitions position us well to expand our services to regions where we have not had a strong presence, historically. The Middle East is a good example of that with our expanded Dubai office and our office in Iraq. Our unique global infrastructure and service network are positioning us well to service energy customers wherever they are.