Tampnet is the only independent supplier of high capacity and low latency communication to offshore oil & gas installations in the North Sea. The company operates the world's largest offshore fiber infrastructure network, serving 300+ oil and gas platforms, units & exploration rigs.
In total, Tampnet operates ~2,600km of redundant subsea fibre network infrastructure, of which ~1,750km is owned subsea fibre and ~850km is leased subsea fibre. In addition, Tampnet owns ~100 radio links and ~50 active 4G/LTE base stations. The company serves both the Norwegian and UK parts of the North Sea and its unique infrastructure provides redundancy to its customers and links the North Sea basin to UK and Norway. Network monitoring, installation and maintenance are largely performed by third party suppliers.
Tampnet was established in 2001 by Statoil and is headquartered in Stavanger, Norway.
Market trends and drivers
Offshore operators seek to increasingly move functions and personnel onshore and to remotely operate and monitor drilling and other operations. So called Integrated Operations between on- and offshore generate more data analysis and communication, and drives growing demand for capacity and secure and stable communications in existing networks while expanding offshore operations also require network extensions.
The investment rationale in Tampnet was founded on high barriers of entry, a strong market position in combination with a stable and growing business with good potential for expansion across geographies and by introducing new products and services.
The business plan includes continued development of the existing network and potential launch of new products such as high-capacity wireless communication. Fiber communication can also be extended to new fields or fields which today are not served by fiber connections.