Speedcast to Deliver VSAT Services Valued at US$10 Million

Speedcast International (ASX:SDA) announced that it has been awarded a multi-year contract valued at US$10 million for delivering VSAT services to a fleet of oil and gas platforms and vessels across Asia.

As quoted in the press release:

This customer required a communications solution that could be delivered across its 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.

“The commissioning of our services for these new assets is a testament to the trust we have 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,” said Keith Johnson, Speedcast’s COO and EVP of Energy. “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. We are thankful that our customer has expanded our relationship and trusts us to serve their fleet of offshore assets in multiple countries.”

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