ASX Announcements

Aqura Secures Long-Term Contract With Santos

Aqura Technologies secures long-term contract with Santos

Aqura Technologies has been awarded a three year contract with major Australian oil and gas producer Santos with a value in excess of $1.8 million. The contract contains an option for a further two-year term.

The contract win for Aqura involves the provision of specialised support and maintenance of Santos’ Communications networks including private industrial LTE across Santos’ national footprint of operations. Aqura’s presence as an accredited channel partner, based in Australia coupled with Aqura’s service capabilities and technical expertise were critical advantages in the contract award.

The contract comprises two packages of work, the first includes the supply of equipment and professional services for design, install, commissioning and handover to Santos. The second package relates to the provision of ongoing managed support and maintenance and is due to commence in August 2021 for an initial period of three years, with an option to extend for a further term of two years upon completion.

Critical to the successful negotiation and selection for this contract was Aqura’s geographic presence in the Queensland market. This contract award validates the investment Aqura undertook in expanding our geographical footprint into the eastern seaboard along with the expansion of its marketing and business development functions in the last 12 – 18 months. This contract also marks Aqura’s most significant foray into servicing the oil and gas sector in Australasia, leveraging Aqura’s strong history of delivery for Tier 1 clients in the resources, infrastructure and industrial sectors.

“It’s extremely pleasing to have secured a long-term contract with Santos, one of the leading independent oil and gas producers in the Asia-Pacific region” said Aqura Technologies CEO Travis Young. 

“These are significant works for a blue-chip oil and gas client, and testament to our position as an industry leader in high performance industrial connectivity through private industrial LTE networks.

The provision of these largely ‘as-a-service’ works demonstrates the delivery of our strategy in securing recurring revenue streams as part of our growth strategy for the business, and are encouraging validation of our recent expansion into the Queensland market via the establishment of our Brisbane based team.”

Travis Young

Chief Executive Officer, Aqura Technologies

Learn more about the announcement here [link]