RigNet awarded multi-million dollar contract with a leading offshore drilling contractor

HOUSTON, Nov. 15, 2016 -- RigNet, Inc. (NASDAQ:RNET), a leading global provider of customized systems and solutions serving customers with complex data networking and operational requirements, today announced that it has been awarded a multi-million dollar remote communications contract with a leading offshore drilling contractor. The contract includes services for a newbuild ultra-high specification jackup rig on contract with an international energy company, operating on the Mariner project in the North Sea.

“We are pleased to collaborate with this industry-leading company for their operations on this highly sophisticated jackup rig,” said Steven Pickett, RigNet’s CEO and president. “RigNet looks forward to contributing to the success of the Mariner project by providing our world-class service and technology solutions onboard the asset.”

RigNet was selected as a preferred service provider to accommodate the requirements of the rig owner and operator. The jackup will be equipped with latest VSAT and network technology for operating in the North Sea’s harsh environment. These services will be managed by RigNet’s Global Network Operation Center (GNOC) for technical support, which will include installation, commission, monitoring and maintenance.  

About RigNet
RigNet (NASDAQ:RNET) is a leading global provider of customized systems and solutions serving customers with complex data networking and operational requirements. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing, crew welfare, asset monitoring and real-time data services. RigNet is based in Houston, Texas and has operations around the globe. 

For more information on RigNet, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.

Media / Investor Relations Contact:
Charles E. Schneider 
SVP & Chief Financial Officer
RigNet, Inc. 
Tel: +1 (281) 674-0699