Today before the bell, ERF Wireless, Inc. and Schlumberger announced that they have signed an exclusive agreement for delivery of wireless broadband services throughout North America. As terms of the agreement, Schlumberger will exclusively resell wireless broadband and WiMAX terrestrial communications products and services from ERF Wireless in the North American oil and gas market.
“This joint contract with ERF Wireless provides Schlumberger with the ability to deliver cost effective ubiquitous communications to the oil and gas industry in the ERF Wireless coverage areas,” stated Slavo Pastor, vice president, Schlumberger Information Solutions, North America. “This will increase real-time activities and collaboration between remote sites and office-based asset teams.”
John Nagel, CEO of the ERF Wireless Oil and Gas Services subsidiary, commented, “The new Schlumberger and ERF Wireless broadband service empowers energy companies to execute on their digital oilfield initiatives. We’re proud to be working with Schlumberger to increase productivity, safety and crew welfare throughout the North American oil and gas sector.”
“Over the past year, the oil and gas industry has become an important part of the ERF Wireless business plan to further utilize the extensive wireless networks we have built and acquired over the past four years. Through this agreement with Schlumberger, we are developing a premiere oil and gas sales channel for our wireless broadband. This will be a powerful catalyst for our vertical markets growth into the oil and gas sector,” said Dr. H. Dean Cubley, CEO of ERF Wireless, Inc.