RigNet Signs Three-Year Contract for Managed Remote Communications Services With an International Midwater Drilling Contractor

RigNet, Inc. (Nasdaq:RNET), a leading global provider of digital technology solutions to the oil and gas industry, today announced that it has signed a three-year contract with a Norwegian international midwater drilling contractor to deliver managed network communications solutions on a semi-submersible offshore drilling rig in the North Sea.

"We are very pleased to add this offshore driller's semi-submersible to the RigNet network," said Øyvind Folge, Region Vice President, Scandinavia and Europe. "We look forward to demonstrating the superior value proposition that RigNet offers around reliable connectivity and a growing array of value-added solutions that addresses the acute needs of the demanding oil and gas community."

A high-performance and secure network is a high priority for the oil and gas community, ensuring effective and reliable communications, both offshore and onshore, and access to business-critical IT applications. Through this contract, RigNet is delivering a fully-managed end-to-end IP network solution using VSAT technology for last-mile connectivity. RigNet's fully managed network solutions ensure that the rig derives greater value from network services through increased standardization and innovation. The solution includes CrewWifi, VoIP, enterprise data and Internet access services supported by 24/7 network monitoring and support from RigNet's Network Operations Center and, if required, local field technician support, with backhaul to the company's offices via MPLS connection. The end user experience is improved through a WAN optimization service powered by Riverbed® Steelhead® appliances.