BP to Sell GOM Telecoms Network
Offshore communication network provider Tampnet reported Monday that it has agreed to purchase a 746-mile (1,200-kilometer) offshore fiber cable system in the Gulf of Mexico (GoM) from BP (NYSE: BP).
“This is an extremely important milestone for Tampnet as it enhances our infrastructure in the GoM from which we can serve even more customers,” Tampnet CEO Per Helge Sensson remarked in a written statement emailed to Rigzone. “We believe an independent telecoms operator will be attractive to new customers and we are committed to delivering the same high level of communications as customers experience today.”
According to Tampnet, the acquisition will give it ownership of a key subsea fiber cable system that it had already been using for its offshore LTE network. The company added the purchase will help it improve its GoM infrastructure and market position. It also noted the fiber cable system comes with existing long-term contracts with large customers active in the deepwater GoM.
Tampnet, which stated commercial terms of the deal are not being disclosed, noted that it plans to expand the network to provide direct fiber access and LTE coverage to customers across the maritime industry. Pending third-party and regulatory consents and approvals, the acquisition will likely close by the end of this year, the buyer added.
To contact the author, email mveazey@rigzone.com.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension