SW1.ASX: Swift signs $2.4 million Chevron Contract

Swift signs $2.4 million Chevron Contract

Stock	Swift Networks Group Ltd (SW1.ASX)
Release Time	21 Aug 2025, 12:12 p.m.
Price Sensitive	Yes

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Swift signs $2.4 million Chevron Contract

Key Points

$2.4 million renewal agreement with Compass to deliver Swift Services to three Chevron sites for 12 months
Contract includes Swift 24/7 technical support and Entertainment services
Total contract value is 100% subscription revenue

Full Summary

Swift Networks Group Ltd has announced that it has signed a renewal agreement to provide 24/7 technical support and entertainment services for 12 months across three Chevron sites. The renewal agreement, signed with Compass Group, is for Chevron's Gorgon Butler Park, Wheatstone Onshore, and Wheatstone Offshore facilities. The total contract value of the 12-month term is $2.4 million, and the OPEX revenue commenced in May 2025. Swift has been providing entertainment and support services to Chevron sites since 2015, making them one of Swift's long-term key customers amongst a portfolio of major Oil and Gas leaders including Shell and INPEX. Swift CEO Brian Mangano commented that the company is pleased to be continuing its relationship with Chevron and its partners at Compass Group, and that Swift's extensive experience within the Oil and Gas sector has led to the development of product features and solutions to overcome challenges unique to the industry, particularly for offshore locations, making Swift the product of choice for the sector.