Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF) has been awarded a new multi-year contract valued at more than US$10 million from one of the region's top multi-national operators to deliver fully-managed VSAT communications to a fleet of oil and gas platforms and vessels across Asia.
Their customer required a communications solution that could be delivered across production platforms, drilling rigs and FPSOs in multiple countries, with unique requirements on each asset. Speedcast was awarded the contract for new business to deliver fully-managed VSAT onboard its offshore assets, replacing the incumbent.
This solution leverages C-band advanced VSAT on multiple satellites for highly-redundant coverage and a dedicated SCPC network to ensure security, reliability and network efficiency on each asset.
Keith Johnson, Speedcast's COO and EVP of Energy, said that the commissioning of the company's services for these new assets is a testament to the trust the firm has built with this customer by delivering on their needs in Malaysia and other locations in Africa, while growing the relationship into a more strategic partnership. As one of the Asia Pacific region's top rated fully-managed integrators for the oil and gas market, many drilling companies and operators rely on Speedcast to keep daily operations and revenue-generating activities constantly running.