Ma­jor an­nounce­ments in the sec­tor

OffComm News - - CONTENTS -

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).

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