Major announcements in the sector
Zion Oil & Gas, Inc. has entered into a Memorandum of Understanding with Viking Services BV (“Viking”) to contract for a land- based oil and gas rig, with deep drilling capacity and crew for exploration activities within Zion’s Megiddo- Jezreel License area in Israel. Under Israeli law, Zion has an exclusive right to oil and gas exploration.
Victor G. Carrillo ( pictured), Zion’s President and COO, stated: “We are excited to join forces with Viking Services, a respected international oilfield services company who can help provide integrated service solutions, with equipment and operations located throughout the Eastern Hemisphere including ongoing operations in Israel. We believe this marks the beginning of a lasting business relationship in Israel with Zion and continues to build on the operational footprint that Viking has established with other energy companies in Israel committed to the development of onshore exploration and production of oil and gas.”
Elsewhere, Infrastructure Networks, Inc. ( INET), a provider of industrial LTE wireless broadband services to oil and gas and other critical infrastructure industries, is deploying a pilot LTE system in the Gulf of Mexico. The project will be used to demonstrate the superior capabilities of industrial LTE wireless broadband service and coverage, when coupled with 700 MHz spectrum, that INET has leased from Verizon Wireless under the LTE in Rural America program. Partners teaming with INET on the LTE pilot include AlcatelLucent, BlackHawk Datacom and L& M Botruc Rental.
Game changer for companies and personnel operating in the Gulf
Tarig Anani , CEO of Infrastructure Networks, said: "We have seen great success with our onshore business, and with the need for additional bandwidth, real- time connectivity, and the reliability of our Industrial 4G LTE network, oil and gas companies have been requesting that we expand our coverage offshore. Our partnership approach to the Gulf of Mexico will allow us to leverage the value and expertise of our partners to deliver unrivalled high- speed bandwidth and low latency connectivity across a secure network."
One of the major advantages of LTE is its ability to provide wireless broadband service to moving vessels. Stanley Hughey, chief strategy officer of Infrastructure Networks, said, "During our study of existing communications options in the Gulf of Mexico it became apparent that surface vessels operating offshore represented a large un- served market.”
Viking CEO, Dustin Guinn, ( left) signs MOU with Zion President, Victor Carrillo ( right).