26 August 2015

SpeedCast International Limited has been awarded a multi-year, multi-million dollar contract for delivery of satellite communications and network services by InterOil Corporation (NYSE: IOC; POMSoX: IOC), a leading independent oil and gas business with operations dedicated to Papua New Guinea. With this contract, SpeedCast will provide a range of field connectivity solutions to InterOil’s assets located in the Gulf Province of Papua New Guinea. 

SpeedCast will deliver to InterOil a field connectivity solution, including containerised satellite data and voice communications units, network services, and mobile satellite solutions. With this new contract, SpeedCast will be providing connectivity for 12 locations, including base camps,  construction sites and remote rig sites which require rapid mobilisation and demobilisation. SpeedCast will expand the scope of its delivery beyond traditional satellite connectivity to include network services as well as mobile satellite solutions. 

For the new contract SpeedCast proposed services that utilise C-band, Ku-band and L-band frequencies to meet the specific requirements of InterOil. The company will use the network to connect field locations for data and voice related IM services. The addition of primary and secondary satellite connections is expected to provide greater availability while the containerized rig site solution and construction site solution should deliver greater portability. 

“We are pleased to be significantly expanding our long-standing relationship with InterOil,” said Pierre-Jean Beylier, CEO of SpeedCast. “As the leading independent oil and gas company exploring in Papua New Guinea, InterOil is a key supplier of new sources of energy in Asia, which are sourced locally from Asia. The award of this latest contract, after a competitive tender process, is a testament to SpeedCast's ability to deliver highly reliable services to meet the requirements of the most demanding customers in the energy sector and further confirms our strong leadership in the Asia-Pacific region.”  

Keith Johnson, SVP of Energy at SpeedCast added, “Our wide range of managed communications and IT solutions, combined with our strong local presence on the ground in key countries for our energy customers, are at the heart of SpeedCast's accelerating success servicing oil and gas customers around the world. In Papua New Guinea, as an example, our infrastructure including a teleport and wireless networks, as well as our local field engineering presence, are unique in the satellite sector and enable us to provide unmatched levels of services and support.” 

This announcement follows a series of previously announced wins and represents another sign of SpeedCast’s growing role in the energy sector. This announcement also closely follows SpeedCast’s successful acquisition of Hermes Datacomms, Geolink Satellite Services, and select NewSat assets this year, which have further enhanced SpeedCast’s products and services tailored for the energy sector.