Swift secures offshore oil and gas contract for Swift TV platform
Swift TV Ltd (ASX: STV) has secured a purchase order for Swift TV hardware and engineering services for a Walk to Work vessel servicing a major oil and gas operator in the Northern Browse Basin, offshore Western Australia. The $151,639 contract covers Swift TV hardware and communication engineering during vessel construction in Singapore.
The company was contracted through Walker Newman & Associates on behalf of the oil and gas operator. While the initial revenue is not material, the Swift TV oil and gas deployment represents strategic market validation for the platform in offshore environments, expanding Swift’s enterprise focus beyond its existing Mining, Aged Care, and Hospitality segments.
The contract demonstrates Swift TV’s applicability to remote offshore operations, where personnel require reliable entertainment and communication systems during extended deployments.
What is a Walk to Work vessel?
A Walk to Work (W2W) vessel is a floating accommodation unit that houses personnel supporting operations on offshore platforms that are not permanently staffed. These vessels provide temporary living quarters for workers who transfer to nearby oil and gas installations via gangway systems.
Personnel typically live aboard W2W vessels for extended rotations, making in-room engagement and communication systems a practical necessity rather than an amenity. Oil and gas operators managing remote offshore assets represent a recurring, high-value customer segment for connected enterprise platforms like Swift TV, where maintaining crew morale and operational efficiency are critical business considerations.
Contract structure and revenue pathway
The commercial model operates in two stages: an upfront hardware and engineering phase during vessel construction, followed by an expected subscription agreement once the vessel becomes operational. Swift has acknowledged the initial $151,639 revenue is not material but positions this deployment as a strategic entry point into the oil and gas sector.
| Phase | Status |
|---|---|
| Hardware/Engineering | Contracted ($151,639) |
| Subscription Revenue | Expected post-commissioning |
The longer-term subscription pathway represents the more significant revenue opportunity, as Swift TV’s enterprise model is designed around recurring software-as-a-service income rather than one-off hardware sales.
CEO commentary
Brian Mangano, CEO & Managing Director
“We are pleased to expand our relationship with a key Oil & Gas customer. Swift’s deep sector experience has driven solutions tailored to the unique challenges of offshore operations, reinforcing Swift as a trusted partner. Swift TV builds on this momentum, delivering a market-first, all-in-one platform that strengthens our enterprise offering.”
Management emphasised the company’s tailored approach to offshore operational challenges, positioning Swift TV as a differentiated solution in the enterprise engagement space.
Swift TV’s enterprise market positioning
Swift TV targets four key enterprise verticals, each requiring unified entertainment, communication, and engagement platforms with sector-specific integrations:
- Mining: Remote site accommodation and operations
- Oil & Gas: Offshore platforms and support vessels
- Aged Care: Residential care facilities
- Hospitality: Hotels and serviced accommodation
The platform unifies entertainment, communication, and engagement capabilities while supporting integrations designed to optimise business outcomes such as operational efficiency, compliance, and workforce satisfaction. The oil and gas contract demonstrates cross-sector applicability, reducing concentration risk and validating product-market fit across multiple addressable markets.
This Swift TV oil and gas deployment provides early evidence that the platform’s value proposition extends beyond its initial mining sector focus, potentially opening access to the offshore energy sector’s accommodation and logistics infrastructure.
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