RigNet Wins Telecoms EPC Contract for European Wind Farm Infrastructure Development
HOUSTON, Oct. 08, 2015 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ:RNET), a leading global provider of managed remote communications solutions, telecoms systems integration (TSI) services and collaborative applications to the oil and gas industry, today announced that its RigNet TSI business has been awarded a multi-million dollar contract to deliver communications systems and infrastructure for a high-voltage transmission platform in an offshore wind farm located in the German sector of the North Sea. The award of this contract by a leading UK-based offshore contractor continues RigNet’s long-term success in the delivery of integrated telecommunications and operations support systems for a diverse range of applications and industries.
“As modern wind farms grow in scale and move farther offshore, they begin to resemble deepwater drilling operations in terms of complexity and technology requirements,” said Mark Slaughter, RigNet’s CEO and President. “Through our TSI business unit, RigNet applies its significant track record for offshore performance to help these renewable energy developments meet safety and production targets.”
RigNet TSI’s scope of work includes the integration and delivery of critical facility communications infrastructure, including Structured Cabling, Local Area Network (LAN), Wireless LAN (WLAN), Telephony, Public Address / General Alarm (PAGA), Closed Circuit Television (CCTV), Access Control (ACS), Meteorological Systems, Navigation and Lifeboat Radio support for the platform.
“This project demonstrates RigNet TSI’s ability to deliver proven, reliable and cost-effective communications solutions to both traditional hydrocarbon-based and renewable energy operations,” said Gerry Gutierrez, RigNet TSI Group Vice President. “We are proud to be a valued supplier to this contractor as demand for renewable energy continues to grow worldwide.”
About RigNet RigNet (NASDAQ:RNET) is a leading global provider of managed remote communications, telecoms systems integration and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,100 remote sites in fifty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.
Director - Communications
Tel: +1 (281) 674-0254
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
Oil & Gas 360® c/o EnerCom, Inc.
800 18th Street
Denver, CO 80202
Advertise on OAG360
OAG360 has multiple advertising opportunities. Reach your investors/buyers by advertising on the website, eMail campaigns, webcasts and videos.