Yahsat Signs MoU with Mubadala for Satellite Technologies

Source: www.gulfoilandgas.com 11/17/2021, Location: Middle East

Al Yah Satellite Communications Company PJSC (“Yahsat” and, together with its subsidiaries, “the Group”), the UAE’s flagship satellite solutions provider, listed on the Abu Dhabi Securities Exchange (“ADX”) has signed a Memorandum of Understanding (MoU) with Mubadala Petroleum. The agreement will see the companies explore the provision of satellite services to support connectivity across Mubadala Petroleum’s operated assets in Southeast Asia.

The MoU was formalised at a signing ceremony at ADIPEC with Khalid Al Kaf, Chief Operations Officer of Yahsat and Mazin Al Lamki, Chief Operating Officer of Mubadala Petroleum.

The MOU sets out a roadmap to develop tailored services across Mubadala Petroleum’s diverse locations, designed specifically for the energy sector. The two companies will explore how Yahsat’s industry-leading satellite-based technologies and extensive coverage across EMEA and Asia can support Mubadala Petroleum’s critical operations, including connectivity between Mubadala Petroleum’s site offices, associated data centers and HQ.

Ali Al Hashemi, Group CEO, Yahsat said; “Yahsat has the unique capabilities and experience to support Mubadala Petroleum’s regional operations. This partnership serves to reinforce Yahsat’s position as a preferred partner for satellite communication technology and critical infrastructure to a number of industries, including the Oil & Gas sector. We look forward to leveraging this partnership to advance our growth and expansion into the wider Middle East region and Asia.”

Mansoor Mohamed Al Hamed, Chief Executive Officer, Mubadala Petroleum, said; “Digital platforms are critical to the success of our business and we have invested heavily in building a digital transformation strategy that supports our business goals. We are pleased to enter this partnership with a homegrown leader in satellite communications and explore how this collaboration can deliver enhanced services that support our operational excellence.”

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