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Statoil Taps CapRock to Equip New Drillship

Posted on: Fri, 20 Nov 2009 22:24:00 EST

Symbols: STO

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Nov 21, 2009 (Close-Up Media via COMTEX) --
STO | Quote | Chart | News | PowerRating -- CapRock Communications, a provider of communications to remote environments, announced a long-term agreement with Statoil to provide satellite communications to a new drillship.

Norwegian-based Statoil, an international energy company focused on upstream oil and gas operations, will use the services to support its onboard crew for the duration of its drilling campaign in the Gulf of Mexico.

The company explained that while operating in some of the deepest waters hundreds of miles offshore, a reliable communications solution is critical to maintaining peak performance conditions as well as connectivity with those back onshore. CapRock stated that its fully managed VSAT solution - complete with network design, equipment and installation and 24/7 network monitoring and management - will enable Statoil's onboard personnel to experience voice and data communications similar to the corporate office. Crew members will be able to share data with onshore experts - enabling them to collaborate and make real-time decisions necessary for operations to continue running smoothly.

And with CapRock backhauling the communications traffic to some of the client's shore-based locations, Statoil experts will be able to remotely manage some of the offshore operations from their desks which will lower travel.

"Statoil demonstrates a level of excellence in its drilling operations and we are honored to have been selected to meet that same level of excellence with our communication services," said CapRock Vice President and Managing Director, EMEA, Eduardo Correa. "This award is testament to CapRock's proven track record of reliability and quality of service, and we look forward to further broadening our relationship with Statoil."

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For full details on StatoilHydro ASA (STO) STO. StatoilHydro ASA (STO) has Short Term PowerRatings at TradingMarkets. Details on StatoilHydro ASA (STO) Short Term PowerRatings is available at This Link.

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